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Video: Aon Benfield’s Paul Schultz discusses catastrophe bonds and hurricane Irene

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Hurricane Irene continues to pass through the Bahamas as a dangerous Category 3 hurricane carrying maximum sustained winds of 120mph and higher gusts. The U.S. eastern seaboard is watching nervously as the forecast models continue to show a northeastern landfall of a major and dangerous hurricane Irene. Of course, everybody begins to talk about catastrophe bonds when a hurricane threatens. Bloomberg news have spoken with Paul Schultz, President of Aon Benfield Securities, on the topic of catastrophe bonds and hurricane Irene.


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