Härdle, Wolfgang Karl; Cabrera, Brenda López - 2007
the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results … demonstrate that, under specific conditions, the financial strategy of the government, a mix of reinsurance and CAT bond, is …
