Abstract
In January 1997, Winterthur Insurance, together with Credit Suisse First Boston (CSFB), issued the first listed CAT bond. The annual "WINCAT" coupons of this three-year convertible bond are knocked out if any single storm event damages more than 6.000 vehicles insured by Winterthur Insurance m Switzerland.
Volume
29:1
Page
165-171
Year
1999
Categories
Financial and Statistical Methods
Asset and Econometric Modeling
Asset Classes
Other Securities
Business Areas
Reinsurance
Aggregate Excess/Stop Loss
Financial and Statistical Methods
Loss Distributions
Extreme Values
Financial and Statistical Methods
Risk Pricing and Risk Evaluation Models
Publications
ASTIN Bulletin
