Disaster-Prone Philippines Taps Catastrophe Bonds

The Philippines, among the world's most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. ...

Pool Re Sells First Terror Catastrophe Bond

A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in return for taking on terrorism risks. The 75 million-pound ($99 million) three-year ...

Opinion: Catastrophe Bonds Are a Smashing Success

Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of "cat bonds" has climbed to more than $11 billion this year, about the same as this time in ...