Speaking to a local Italian daily newspaper, Massimo Figna, founder and CEO of hedge fund manager Tenax Capital, explained that with insurance penetration extremely low, Italy would benefit from the use of catastrophe bonds, which he believes investors would “snap up.”
Tenax Capital is a London-based investment manager that Figna founded and it offers a UCITS catastrophe bond strategy to its investor clients.
Leading Italian daily newspaper il Fatto Quotidiano spoke with Figna recently and asked him about his views on insurance penetration in the country, under the spectre of recent catastrophic flood and severe weather losses across the north.
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