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Cat Bonds

Three bomb-sniffing dogs at the Philly International airport failed their recertification tests and have been relieved of duty. While laying off security dogs may sound like overkill, even in the new climate of airline security sensitivity, one expert notes that “these dogs are not ornamental. They are there for a purpose. If the purpose is [...]

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The catastrophe bond market saw a very slow recovery (if we can call it that) in the beginning of this year, with the number of bonds issued down 33% year over year. But the fourth quarter is looking much more promising, according to a report from Guy Carpenter. The report, “Cat Bond Update: Third Quarter [...]

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