Louberge, H.; Kellezi, E.; Gilli, M. - Institut d'Economie et Econométrie, Université de Genève - 1999
Severe natural catastrophes in the early nineties have brought about a lack of financial capacity in the catastrophe line of the global reinsurance market. The finance industry reacted to this situation by issuing innovative products designed to spread the excess risk more widely among...
