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Cat Bonds

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wannavegan | 17:11 Mon 18th Sep 2006 | Business & Finance
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What is a cat bond and how does it work?
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http://www.buisnessweek.com/1998/04/b3562101.h tm
22:32 Mon 18th Sep 2006
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sorry not working
22:33 Mon 18th Sep 2006
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If an insurer has a portfollio of risk investments,eg hurricane known zones they can pass some of this risk over by sponsoring Cat(catastrophe) bonds, which passes the risk to the investor of the bond. If no catastrophe occurs the investor makes a good profit. If one does happen then this money is used to pay the policy holders.
23:00 Mon 18th Sep 2006

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