December marks 25th anniversary of first cat bond, George Town Re
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December marks 25th anniversary of first cat bond, George Town Re

Martha Muir
24 December 2021
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23 December marked the 25th anniversary of the closing of the first widely distributed cat bond, St Paul Re’s George Town Re.

Other ILS experiments in the early 1990s included Hannover Re completing its first K sidecar in 1994, and the year after George Town, in 1997, USAA brought its first Residential Re cat bond to market.

George

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Topics

Catastrophe bondsRe/insurersNews
MM
Martha Muir
Reporter
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