Examples of Cat Bonds in a sentence
The functional and presentation currency for AXA IM Maturity 2022 Fund, AXA IM WAVe Cat Bonds Fund, AXA IM US High Yield FMP 2022, AXA IM WAVe Framlington Biotech Fund is US Dollar and the functional currency of AXA IM Maturity 2023 Fund, AXA IM Sunshine 2023/1, AXA IM Sunshine 2023/2, AXA IM Multi Asset Target 2026, Delegio Privilege Ambitious Fund, Delegio Privilege Balanced Fund, Delegio Privilege Cautious Fund and Delegio Privilege Entrepreneurial Fund is Euro.
The following table summarises the Funds’ distributions declared during the financial period ended 30 June 2020 : Currency30 June 202030 June 2019AXA IM Maturity 2022 FundUSD6,593,4084,505,492AXA IM WAVe Cat Bonds FundUSD372,172760,026AXA IM Maturity 2023 FundEUR1,433,6231,495,199AXA IM US High Yield FMP 2022USD1,038,2222,123,390 There were no distributions payable as at 30 June 2020 (31 December 2019: Nil).
Cat Bonds also called Insurance-Linked Securities ("ILS") are valued by quotes provided by brokers specialised in this type of securities.The best bid price is used as a reference for valuation unless it is more than 2% higher than the second best bid which then becomes the best bid.The Funds classify the Cat bonds as Level 2, except if no brokers’ quotes are available.
Catastrophe (Cat) Bonds are treated as alternative investments and not asassets susceptible to credit spread changes.R5.
Marktschadenindizes sind als Grundlage eines Cat Bonds oder anderer Formen der Risikoverbriefung aus Sicht eines Versicherers offenbar dann geeignet, wenn das individuelle Portefeuille in seiner Struktur die Gesamtheit aller auf dem Markt versicherten Risiken nachbildet.
Litzenberger, Beaglehole and Reynolds [7] have found that Cat Bonds returns are weakly correlated with those of the other financial assets.
In addition, Carayannopoulos and Perez [12] have used the multivariate GARCH approach to analysis the behavior of the relationship between Cat Bonds and other financial markets (corporate bonds, government bonds and stocks) over the same three periods and they have found the same results.
Credit + 20% MLM Global EV Index (15% Vol) + 46.5% (90 Day Treasury Bills + 2.64%/year)+3.5% Swiss Re Global Cat Bonds (hedged) The DS class portfolio is expected to match or outperform the above benchmark, net of fees, over a full market cycle.
In other words, we test the cointegration between Cat Bonds market and the other financial markets.
Only with effective risk-management capabilities and capital market expertise (e.g. the ability to transfer risk to the capital markets via Cat Bonds) can insurance firms ensure that they are able to cover the risks they are underwriting, and thus take advantage of this opportunity.