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Tagged: ILS
2 articles
Catastrophe Modeling and How Cat Bonds Are Priced
How catastrophe modeling works — hazard, vulnerability and financial modules — and how outputs like expected loss and attachment probability drive cat bond spreads.
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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