Cat bond rally holds through year-end, delivers nearly 15% for 2023

Pure-play cat bond investment funds closed 2023 without suffering so much as a single week of losses, with a key market dollar-denominated index finally racking up nearly 14.9% in gains for the year and over 18.4% since lows hit shortly after Hurricane Ian.

Already registered?

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Insurance

Cat bonds compete outright for top layers, no longer just an add-on

24 October 2023 Cat bond capital efficiency may prove better than other risk transfer tools if only structuring costs need to be covered, says Plenum’s Schmelzer.

Alternative Risk Transfer

Catastrophe bond investment funds turbo-charge post-Ian rebound in April

9 May 2023 USD-funds have now gained 21 weeks straight, advancing nearly 9% from post-Ian lows.

Insurance

Plenum sees Hurricane Ian hit to ILS at small fraction of initial fears

11 November 2022 Losses to its three funds now in low single-digits, versus initial ranges as high as 12%.