to deal with defaultable bonds. For important examples, we provide characterizations of cash subadditivity and show that …

previous securitizations, we present our proposed longevity bonds, whose payoffs are structured as a series of put option … demonstrate that the risk cubic model developed for pricing catastrophe bonds can be applied to mortality and longevity bond … pricing and use the model to calculate risk premiums for longevity bonds …

In this paper, we present a new model that takes an arbitrage approach to the valuation of catastrophic risk bonds (CAT … bonds). The model considers the sponsor's exposure to currency exchange risk and the risk of catastrophic events. We use a …

flexible death benefit to meet bequest and liquidity needs. The longevity bonds are issued through a special purpose vehicle …

alternative bet is to hold a portfolio of long government bonds, drawing income and liquidating principal as necessary. There is …

, this risk can be transferred to capital market investors through CAT bonds, which have never been used for this purpose in … the Czech Republic. The paper deals with the theoretical background of CAT bonds, resulting in a back test simulation of a …

, this present research examines the efficiency of such markets by studying catastrophe (CAT) bonds. We collect actual …