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Tagged: cat bonds
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How Catastrophe Bonds Work: Structure, Sponsors, and Lifecycle | Jonas Osman Abdelghafour
Jonas Osman Abdelghafour, actuary and risk expert, explains how catastrophe bonds work — the SPV structure, collateralized principal, why sponsors use them over reinsurance, and the deal lifecycle.
July 23, 2026
ReadWhat one parameter told me about the entire cat bond market
A Wang-transform calibration on eight recent Bermuda cat bond tranches: one parameter (λ = 0.356) reproduces market spreads to 14%, quantifies the soft-market cycle, and exposes a wildfire model-distrust premium.
July 8, 2026
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