Cat Bonds Now Cover Terrorism, Sports

NU Online News Service, Feb. 6, 3 :17 p.m. EST

The report came from Risk Management Solutions in Newark Calif., a global catastrophe risk management products and services provider.

Catastrophe bonds are sold by reinsurers, insurers, or a pooling entity, directly or indirectly to third-party investors to raise cash and provide a form of reinsurance spread the risk and pay for catastrophe losses.

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