Bank Leu's Prima Cat Bond Fund Case Solution
In 2001, Bank Leu, a Swiss private bank, is considering creating the world's first public fund for catastrophe bonds. Cat bonds are securities whose payments are determined by the likelihood of a disaster happening, like hurricane or an earthquake. Cat bonds are issued by big insurance or reinsurance businesses. This case summarizes the conventional reinsurance market and securitization attempts that have taken place previously and focuses on the selection of Bank Leu as a buyside participant in the cat bond market.
This is just an excerpt. This case is about FINANCE & ACCOUNTING
PUBLICATION DATE: September 02, 2004