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securitization and insurance-linked securities; and the efficiency, distribution, organizational form, and governance of insurance …
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Catastrophe (Cat) bonds are insurance securitization vehicles which are supposed to transfer catastrophe … the market for insurance securitization is easiest for firms with less risky portfolios. Second, firms that issue Cat …, demonstrate that Cat bonds provide effective catastrophe hedging for issuing firms. Third, firms with less catastrophe exposure …
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