Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 February 2018

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Plenum says Irma loss to cat bond fund below 1%

12 September 2017

Zurich-based ILS manager Plenum said its cat bond fund should post a loss of less than 1 percent due to Hurricane Irma, on a modelled basis.

The manager said it expected cat bond prices to recover, after the Swiss Re global cat bond index fell 15 percent ahead of the storm hitting Florida. It eventually took a more favourable course over the peninsula for the (re)insurance industry.

However, since the majority of cat bonds use indemnity triggers and rely on...

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