RT Journal Article SR Electronic T1 Introducing Alternative Capital to Longevity
Risk Transfer JF The Journal of Alternative Investments FD Institutional Investor Journals SP 28 OP 34 DO 10.3905/jai.2014.17.1.028 VO 17 IS 1 A1 Neil Cunha-Gomes YR 2014 UL https://pm-research.com/content/17/1/28.abstract AB For years, the catastrophe bond market has garnered considerable interest from a variety of capital market investors, such as endowments, sovereign wealth funds, and family offices. Although investment in these catastrophe-linked securities has increased significantly over the last two decades, to date, capital market investors have participated in only a handful of longevity transactions. By drawing on lessons from the development of catastrophe bond market and from the few successful longevity transactions with capital market investors, this article considers a format in which longevity risk may be sustainably transferred into the capital markets in the future.TOPICS: Fixed income and structured finance, foundations & endowments, risk management