(CAT-)astrophe Bonds are of significant importance in the field of alternative risk transfer.Since the market of CAT Bonds is not as liquid as e.g. the stock market, the use of pricing models is ofhigh relevance. One important parameter in all pricing models is the probability of catastrophe....

After Hurricane Andrew the U.S. Congress entertained proposals to allow insurers to employtax-deferred loss reserves. Interest was strong at first, but as the events receded interestwaned. After the most recent hurricane seasons, interest in the proposals has rejuvenated. Weexamine the use of...

The three annual 2¼% interest coupons of the Winterthur Insuranceconvertible bond (face value CHF 4 700) will only be paid out if during their corresponding observation periods no major storm or had storm on one single day damages at least 6000 motor vehicles insured with Wmterthur Insurance....