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Hedging Flood Losses Using Cat Bonds Hedging flood losses in Quebec using Cat-BondsAlexandre TêtuDepartment of Finance, Insurance and Real EstateFaculty of Business AdministrationLaval University, Quebec, CanadaEmail: [email protected] Son LaiDepartment of Finance, Insurance and Real EstateFaculty of Business AdministrationLaval University, Quebec, CanadaEmail: [email protected] Issouf SoumaréDepartment of Finance, Insurance and Real EstateFaculty of Business AdministrationLaval University, Quebec, CanadaEmail:.