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Cravens Warren

Serving the risk management and commercial insurance needs of business. Cravens Warren, founded in 1946, has been serving the insurance needs of... read more

Contact Info
  • 10011 West Gulf Bank
    Houston, TX 77040
  • Phone (713) 690-6000
    Fax (713) 690-6020
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Catastrophe Bonds

Catastrophe Bonds

Risk-based securities that pay high interest rates and provide insurance companies with a form of reinsurance to pay losses from a catastrophe such as those caused by a major hurricane or earthquake.  In the event of such pre-defined loss, the issuer's obligation to  re-pay the principal and/or interest is either greatly reduced, deferred or forgiven.

CAT bonds allow insurance risk to be sold to institutional investors in the form of bonds, thus spreading the risk.  Attractive to investors because of their high interest and lack of relation to the stock market or economic conditions, catastrophe bonds offer high yield.