Cairns, Andrew; Blake, David; Dawson, Paul; Dowd, Kevin - 2005
desire on the part of insurers, reinsurers
and pension plans to hedge their mortality risks more effectively. December
2003 … floating-rate bond to link the
return of principal solely to a mortality index. More specifically, for Swiss Re
the bond was … designed to help hedge their exposure to catastrophic mortality
risks such as major epidemics or a terrorist attack on a scale …