Cat bond market index bounces back, now only -0.30% since hurricane Milton

At Friday’s pricing, the catastrophe bond market index calculated by Swiss Re Capital Markets bounced back by more than one percent, leaving the benchmark for the entire cat bond market now only -0.30% down since hurricane Milton, while the US wind specific version of the cat bond index also recovered and is now -1.31% since the hurricane made landfall.
As we reported a week ago, when catastrophe bonds were priced for the first time after hurricane Milton’s landfall in Florida, the Swiss Re Global Cat Bond Total Return Index, that tracks the entire outstanding catastrophe bond market, fell 1.34%.

The Swiss Re US Wind Cat Bond Total Return Index, that is focused solely on US hurricane risks, fell by 3.64% at pricing on Friday October 11th.

FULL ORIGINAL PUBLICATION HERE

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