Via The Big Picture, Instutional Investor has a very nice article on insurance linked securities here…
“But ILS funds faced a major test last year. After 12 years in which no major Atlantic hurricanes made landfall in the U.S. — the catastrophe, or peril in industry parlance, that accounts for a significant proportion of cat bond coverage — a trio of hurricanes, as well as California wildfires and an earthquake in Mexico, racked up an estimated $130 billion to $135 billion of losses, including $80 billion to $90 billion in losses from hurricanes Harvey, Irma, and Maria, according to Trading Risk.”
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