The index drawdown is viewed as lower than had been anticipated
Cat bond market index falls 1.34% on hurricane Milton | | | Cat bond market index falls 1.34% on hurricane Milton. US wind down 3.64%  Responding to the potential impact of losses from hurricane Milton, the catastrophe bond market has fallen by just 1.34% at the end of week pricing of the index calculated by Swiss Re Capital Markets, while the US wind specific version of the cat bond index fell by only 3.64%. It's a stark contrast to how the Swiss Re Global Cat Bond Index behaved after hurricane Ian in 2022 and while these figures fall into the range of catastrophe bond market impacts anticipated, it shows that (absent future surprises) overall losses from hurricane Milton are set to be very manageable for cat bond fund managers and their investors. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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