The Latest in Insurance-Linked Securities

[Editor's note: John Pitblado is an associate with Jorden Burt, LLP, in the firm's Washington, D.C. office. This article, which originally appeared in Jorden Burt's reinsurance and arbitration blog, www.ReinsuranceFocus.com, does not constitute legal or other professional advice or service by Jorden Burt LLP and/or its attorneys.]

The insurance-linked securities (ILS) market is changing and developing as investors and sponsors have reacted to dramatic changes in the financial markets by seeking to diversify portfolios with more insurance-based investments that are not correlated to the rise and fall of the financial markets. Notably, the catastrophe bond market is recovering with rapid …