Catastrophe Bonds at Swiss Re Harvard Case Solution & Analysis

Catastrophe Bonds at Swiss Re Case Solution

In 2002, Swiss Re, the world's second--largest insurance company, is considering securitizing parts of its risk portfolio in the capital markets. This would be a first for the firm that, until then, had never transferred threat off its balance sheet. Head of the Retrocession Group, Peter Giessmann, is contemplating catastrophe bonds as a way of transferring risk. "Cat bonds" are securities whose payments are determined by the chance of a disaster occurring, for example an earthquake or hurricane. This case outlines securitization attempts that have taken place in the past and the traditional reinsurance market and then focuses on Swiss Re's conclusion as a sellside participant in the cat bond market.

This is just an excerpt. This case is about  FINANCE & ACCOUNTING

PUBLICATION DATE: September 02, 2004

Related Case Solutions & Analyses:

Colombia: Strong Fundamentals Global Risk Off-Balance Sheet Leases in the Restaurant Industry Aerospace Technologies Inc. Note on Government Sources of Financing for Small Businesses Triple Point Technology Innovating into Active ETFs: Factor Funds Capital Management LLC Valuation on “Plain Vanilla” Interest-Rate Swaps Wells Fargo Online Financial Services (A), Spanish Version Commercial Financial Services, Inc.: Securitization of Charged-off Credit Card Receivables Mercedes-Benz in Alabama: Lessons from the Field