Catastrophe Bonds: Lifesaver or Total Disaster Waiting to Happen?

According to a report by Bloomberg, the lucrative but controversial strategy of investing in catastrophe bonds is facing increased scrutiny following a recent event in Jamaica. These financial instruments, issued by insurers, reinsurers, and governments, are designed to provide an extra layer of disaster coverage. They have recently delivered substantial returns to investors—averaging 15% this... source: https://www.cryptoglobe.com/latest/2024/08/catastrophe-bonds-lifesaver-or-total-disaster-waiting-to-happen/