3min chapter

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Extra Credit: Catastrophe Bonds – A Diversifier Like No Other

Long Story Short

CHAPTER

Introduction

In this chapter, experts delve into the world of catastrophe bonds, explaining their origin in response to major disasters in the 1990s and how they work through special purpose vehicles issuing bonds. Investors buy these bonds, and if a triggering event occurs, the proceeds provide coverage, otherwise investors are reimbursed.

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