The Benefits of Cat Bonds for Ceding Insurers and the Potential for Life and Annuity Risk Bonds

[Editor’s note: Roland Goss, the blogmaster of Reinsurance Focus, is a partner with Jorden Burt LLP, resident in its Washington, DC office. This article does not constitute legal or other professional advice or service by JORDEN BURT LLP and/or its attorneys. If you have any questions or would like further information, please contact Roland Goss at (202) 965-8148 or [email protected].]

This has been an extraordinary year for cat bonds, with the largest single cat bond issue ever sold by a special purpose vehicle, the $750 million Everglades Re Florida hurricane risk cat bond, and a near record aggregate amount …