Insurance Linked Securities In A Challenging Market
The magazine featured an article about cat bonds by Michael Lewis, the illustrious author who famously chronicled the rise of the mortgage backed securities market in Liar’s Poker and, in Moneyball, popularized the sabremetrics method of exploiting inefficiencies in Major League Baseball.
Lewis’s article was probably the general public’s first introduction to the concept of insurance linked securities (and for that...
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