Cat bonds return

The market for catastrophe bonds dried up in 2008 and early 2009 as the financial crisis took its toll. Confidence is returning, helped by wide spreads and a re-think about the assets used to collateralise catastrophe bonds, but issuance has yet to return to 2007 levels. By Peter Madigan


Financial markets have been gripped by a storm over the past couple of years, but violent tempests of the physical kind have proven mercifully rare. Since the record-shattering 2005 Atlantic hurricane season, which saw an unprecedented 28 named storms, the US gulf and east coasts have been relatively unscathed, with only hurricanes Gustav and Ike in 2008 causing any significant damage.

The first four months of 2010, however, have seen a succession of natural disasters elsewhere in the world. On

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here