Catastrophe Bonds - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/R7ROqnkjkzSNTuRIsd5OPqw

Label Catastrophe Bonds

Preferred Label Cat Bonds

Identifier N/A

Alternative Labels

Disaster Bonds Insurance-Linked Securities Risk-Linked Securities

Definition

Catastrophe bonds, commonly known as cat bonds, are high-yield debt instruments designed to raise money for insurance companies in the event of a natural disaster. These bonds provide insurers with an alternative source of capital to cover significant losses from catastrophes, transferring some of the financial risk to investors who receive regular coupon payments unless a specified catastrophe event occurs.

Class Relationships

Sub Class Of

• Bond Assets

Is Defined By

N/A

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Additional Information

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Editorial Information

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Editorial Note

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