id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fsr-3281	Kish, Richard	Catastrophe (CAT) bonds:: risk offsets with diversification and high returns	2016	27	.pdf	application/pdf	14183	526	60	37 % � 1. 14 % 0. 14 % � 2. 21 % � 1. 16 % � 0. 89 % � 3. 07 % 20 13 3. 20 % 0. 62 % 1. 49 % 2. 15 % 0. 74 % � 1. 92 % 1. 90 % 0. 45 % 0. 75 % 1. 90 % 1. 18 % 0. 62 % 20 12 4. 14 % 3. 63 % 0. 59 % 0. 98 % � 2. 71 % 2. 43 % 1. 25 % 1. 75 % 2. 48 % 0. 91 % 0. 22 % 2. 90 % 20 11 2. 68 % 1. 29 % 0. 57 % 1. 54 % 0. 05 % � 1. 29 % 0. 49 % � 6. 54 % � 6. 38 % 7. 98 % � 3. 89 % 2. 59 % 20 10 2. 65 % 0. 58 % 4. 85 % 3. 23 % � 4. 45 % 0. 92 % 2. 87 % � 1. 00 % 3. 14 % 3. 58 % � 0. 29 % 3. 40 % M ea n 0. 47 % St an da rd de vi at io n 2. 83 % M ax im um 10 .0 3% M in im um � 6. 54 % So ur ce : B lo om be rg , B an k of A m er ic a- M er re ll L yn ch U S H ig h Y ie ld B B , B , an d C C C D eb t In di ce s w ith m at ur iti es of on e to fiv e ye ar s. 319R.J. Kish / Financial Services Review 25 (2016) Anecdotal evidence shows that the entry of CAT bonds made the reinsurance market more efficient and allowed investors an opportunity to participate in what has been a very profitable investment opportunity.	cache/fsr-3281.pdf	txt/fsr-3281.txt