Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more
Hurricane Francine’s losses after its landfall in Louisiana should not anticipated to trigger any losses to per-occurrence disaster bonds, however the losses could also be ample to trigger additional attrition for mixture cat bonds, leading to an extra erosion of the deductibles that sit beneath their attachment factors, in accordance with Twelve Capital.Specialist insurance-linked securities … Read more
With hurricane Debby non-public insurance coverage market losses trying set to return in across the $1 billion or beneath degree, ILS funding supervisor Twelve Capital has stated that no direct impacts to disaster bonds can be anticipated, however continued combination erosion to sure cat bonds is extra possible.Swiss-headquartered cat bond and insurance-linked securities (ILS) fund … Read more
