Terrorism Bond In the Works.
Publication Date: December 3, 2005
Advisen -- Casualty
Source: Investment Dealers' Digest
"The Katrina-related troubles are hardly bringing the insurance-linked note market to a grinding halt. Goldman Sachs is sounding out investors regarding a bond linked to terrorism risk, which would be the first of its kind. Details are very sketchy, and Goldman declined to comment, but the thinking is that any deal should surface before the end of the year as most insurance policies renew on Jan. 1. There is plenty of demand for coverage, but the question is the depth of the investor base for such securities..."
Advisen -- Casualty
Source: Investment Dealers' Digest
"The Katrina-related troubles are hardly bringing the insurance-linked note market to a grinding halt. Goldman Sachs is sounding out investors regarding a bond linked to terrorism risk, which would be the first of its kind. Details are very sketchy, and Goldman declined to comment, but the thinking is that any deal should surface before the end of the year as most insurance policies renew on Jan. 1. There is plenty of demand for coverage, but the question is the depth of the investor base for such securities..."
posted by AVRECO at 11:02 AM
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