(Article of periodic en Anglais - 2014)

Document title

Geographies of securitized catastrophe risk and the implications of climate change

Authors(s) and Affiliation(s)

JOHNSON L. (1) ;
(1) Dept. of Geography, Univ., Zürich, SUISSE


This article analyzes the drivers and implications of catastrophe bonds’ growing popularity as an alternative asset class. It asks how the place-based physical vulnerabilities of fixed capital have been rendered into assets deemed increasingly desirable by growing blocks of financial capital. It reveals both the ongoing concentration of capital in so-called “peak perils” such as U.S. hurricane and earthquake risks, and the fragmentation and recombination of peak perils to create new risk/return profiles. This study argues that such developments could ultimately yield a built environment that is both more dependent on the state as an insurer of last resort and less adapted to climate extremes


Article of periodic

published at : Economic geography / ISSN 0013-0095

Editor : Clark University, Worcester, MA - ETATS-UNIS (1925)

Millesime : 2014, vol. 90, no2 [pp. 155-185]

Bibliographic references : 5 p.

Collation : 5 fig., 1ttabl.



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1111/ecge.12048

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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