Kid cat bonds, or the case for issuance of cat bonds against losses due to el Niño

Authors

  • Alonso Barreda Ayllón Kennedys Law https://orcid.org/0009-0004-7451-8803

    Exmiembro de THĒMIS. Abogado. Magíster en Economía y Finanzas Internacionales por la University of International Business and Economics, de Bejing, China; donde fue becario del programa Youth of Excellence Scheme. Legal Director en Kennedys Law (Lima, Perú), enfocado en derecho de seguros y reaseguros, asuntos societarios, asesoramiento financiero y de inversiones.

DOI:

https://doi.org/10.18800/themis.202302.019

Keywords:

El Niño, Insurance, Reinsurance, Capital market, CAT Bond

Abstract

We live in constant exposure to natural catastrophes. Its occurrences have taught us it is necessary to work on prevention of damages and mitigation of potential losses. Although risk management in Peru is still deficient, it is necessary to recognize there are tools that can help us protect our interests.
In this article, the author seeks to explain how catastrophic bonds or CAT Bonds work, presenting them as a hedge or financial alternative to face potential losses from next occurrences of El Niño.

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Published

2023-12-29

How to Cite

Barreda Ayllón, A. (2023). Kid cat bonds, or the case for issuance of cat bonds against losses due to el Niño. THEMIS Revista De Derecho, (84), 319–330. https://doi.org/10.18800/themis.202302.019

Issue

No. 84 (2023): Derecho Corporativo y M&A

Section

Interdisciplinarias

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.