Securitizing Property Catastrophe Risk

6 Pages Posted: 18 Jul 2007

See all articles by Sara Borden

Sara Borden

affiliation not provided to SSRN

Asani Sarkar

Federal Reserve Bank of New York


The trading of property catastrophe risk using standard financial instruments such as options and bonds enables insurance companies to hedge their exposure by transferring risk to investors, who take positions on the occurrence and cost of catastrophes. Although these property catastrophe risk instruments are relatively new products, they have already established an important link between the insurance industry and the U.S. capital market.

Keywords: securitization, catastrophe risk, property, derivatives

JEL Classification: G10, G22

Suggested Citation

Borden, Sara and Sarkar, Asani, Securitizing Property Catastrophe Risk. Current Issues in Economics and Finance, Vol. 2, No. 9, August 1996, Available at SSRN:

Sara Borden

affiliation not provided to SSRN ( email )

No Address Available

Asani Sarkar (Contact Author)

Federal Reserve Bank of New York ( email )

Research Department
33 Liberty Street
New York, NY 10045
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212-720-8943 (Phone)
212-720-1582 (Fax)


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