CAT Bond
Posted: Tue Jan 03, 2006 10:57 pm
I am trying to understand CAT Bond market and hv found this good artile by MMC:
http://www.guycarp.com/portal/extranet/ ... .pdf?vid=1
Could anyone please help me with the basic structure on Page 4 wherein it is explained that the SPV acts as a insurer/ reinsurer for the Sponsor.
many thanks
warm regards
Humble Student
http://www.guycarp.com/portal/extranet/ ... .pdf?vid=1
Could anyone please help me with the basic structure on Page 4 wherein it is explained that the SPV acts as a insurer/ reinsurer for the Sponsor.
many thanks
warm regards
Humble Student