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Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns. Issuers, meanwhile, have seen their costs soar. Grievances surfaced in July, after it emerged that Jamaica's catastrophe bond wasn't triggered by the devastation wrought by hurricane Beryl.

Property & Casualty

August 20, 2024, 9:00 AM