Valuation of contingent convertible catastrophe bonds — The case for equity conversion
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DOI: 10.1016/j.insmatheco.2019.07.006
Abstract: Within the context of the banking-related literature on contingent convertible bonds, we comprehensively formalise the design and features of a relatively new type of insurance-linked security, called a contingent convertible catastrophe bond (CocoCat). We begin… read more here.
Keywords: convertible catastrophe; valuation; contingent convertible; catastrophe ... See more keywords