UCITS cat bond fund assets near $12.2bn, up more than 11% YTD
The combined assets under management of the main catastrophe bond funds in the UCITS format have now surpassed $12 billion for the first time ever, nearing $12.2 billion by the end of May 2024 and now having risen by over 11% so far this year. Catastrophe bond funds in the UCITS format have experienced strong […]
Major solar storm could drive bigger insured loss than Katrina: Bloomberg
Analysis from Bloomberg Intelligence suggests participants in the insurance and reinsurance industry should be seriously considering how they protect themselves against the risks of losses from major solar storms, with the peril having the potential to be as costly as major hurricanes. “A major space storm could cost insurers even more than a hurricane like […]