Stirrings in Secondary Markets: or Does Disaster Deserve Double Duration Analysis?
MORTON N. LANE
(President of Lane Financial LLC in Kenilworth, IL.)
57
Abstract
In the insurance‐linked securities (ILS) market, where trends in underlying (reinsurance) prices are hard for outsiders to discern, secondary market prices could provide valuable investor information. So far, the market has provided little price information aside from new issue prices. The author provides his views on what behavior might be expected in a robust ILS secondary market, what information might be obtained, and how value changes might be measured and interpreted.
Citation
LANE, M.N. (2001), "Stirrings in Secondary Markets: or Does Disaster Deserve Double Duration Analysis?", Journal of Risk Finance, Vol. 2 No. 4, pp. 46-52. https://doi.org/10.1108/eb043475
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited