I cannot find anything on that. Anyone know?
Not that im aware of. Cat Bonds,or more recently Industry Loss Warrants are used, are usually traded in notional amounts of tens of millions on the low end and you have to have cash reserves for to cover potential losses so I am not sure what structure this would work for retail. It works in a hedge fund structure and returns were pretty nice when I was tangentally involved in the industry at around 10%. Trades are also primarily done between retail/corporate insurance companies & Reinsurance companies. The reinsurance companies can then de-risk by trading with other re-insurance companies or hedge funds.
Probably not. There are a few funds that have been created in recent years to provide exposure though, and I think retail investors can invest in those. StoneRidge has one and a handful of other companies do as well.