UK economy could last a week if disaster struck

6th January 2012

Catastrophe Bonds, a US income-producing concept shortly due to arrive in the UK allow investors to take bets on the occurrence of natural disasters such as floods, hurricanes or earthquakes.

UK investors will soon be able to buy their very own Cat bonds.  

But despite their name, these new bonds have nothing to do with our feline friends,  or even the price of pet foods.

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