There is a fundamental tension in the cat bond market. Most investors want greater transparency in the bond structure; as a result, they often prefer parametric structures in which bonds are triggered by a physical or numerical index like wind speed. Issuers, on the other hand, tend to be more concerned with basis risk, the risk associated with imperfect hedging.
Many older barns and homes were sided with hemlock boards, but the wood is not as valuable as pine or spruce. No other plant in the province is as rich in tannin, and so hemlock bark was much in demand for tanning leather. Hemlock has a life expectancy of between 300-400 years. When large trees fall down, they take a long time to decompose and provide both nutrients and moisture to young seedlings.
It's a good thing Giant tortoises live as long as they do as they average only .25 MPH. As far as plants go, Bristlecone pines found in the White Mountains in California, have the longest life span of any plant or tree. One such pine named the Methuselah tree is estimated to be 4,725 years old. If you consider clams as animals and not just ingredients for soup then the quahog clam has quite an impressive life span. In 2007 scientists found a quahog clam off the north coast of Iceland which they believe to be 400 years old.