Financial Innovation in Property Catastrophe Reinsurance: The Convergence of Insurance and Capital Markets

8 Pages Posted: 9 Apr 2009

Date Written: June 1, 1996

Abstract

The property catastrophe reinsurance industry faces a major challenge. Since 1989, climatic volatility has produced unprecedented insured losses of $43 billion. $18 billion of which were from Hurricane Andrew alone. A surge of insurer defaults and dramatic changes in capacity and pricing have followed in their wake.

Suggested Citation

Chichilnisky, Graciela, Financial Innovation in Property Catastrophe Reinsurance: The Convergence of Insurance and Capital Markets (June 1, 1996). Available at SSRN: https://ssrn.com/abstract=1375198 or http://dx.doi.org/10.2139/ssrn.1375198

Graciela Chichilnisky (Contact Author)

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States
212 678 1148 (Phone)
212 678 0405 (Fax)

HOME PAGE: http://www.chilchilnisky.com

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