Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Cat bond investors face paper losses as secondary marks fall

15 March 2011

Secondary market pricing on Japanese-exposed cat bonds has dived following Friday's (11 March) devastating earthquake and tsunami, although confusion still reigns over which bonds may face actual losses.

No trading has taken place in the secondary market as investors await news on whether Japan earthquake-exposed cat bonds have been triggered by the magnitude 8.9 event that hit the northeast of the country last week, Trading Risk has learned.

Cat bond market makers issued new pricing levels on 11 March, offering...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue March 2011/1

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π