Leading insurance-linked securities (ILS) investor Clariden Leu last week unveiled a $20mn a "cat bond lite" transaction that saw it transform an industry loss warranty (ILW) contract into tradable cat bond notes.
Leading insurance-linked securities (ILS) investor Clariden Leu last week unveiled a $20mn a "cat bond lite" transaction that saw it transform an industry loss warranty (ILW) contract into tradable cat bond notes.