"Catastrophe Bond Market Fosters Innovation and Competition with the Traditional Reinsurance Market"

[Editor's note: This article does not constitute legal or other professional advice or service by JORDEN BURT LLP and/or its attorneys. Roland Goss is a partner with Jorden Burt LLP, resident in its Washington, D.C. office. Copyright 2013, Roland C. Goss.]

The past twelve months have seen significant development in both the catastrophe bond and the traditional reinsurance markets. The cat bond market has matured and developed, there has been a $35 billion infusion into the reinsurance market, and price competition has developed between the markets. The recently released analyses on the first quarter of 2013 from three major reinsurance …