Specialist investment manager Twelve Capital has said that it anticipates the increased demand for catastrophe bonds to persist and that while market spreads may compress somewhat, they are expected to remain elevated by historical standards.
Commenting on the 2024 Atlantic hurricane season that is now drawing towards its official close, Twelve Capital explained that while activity levels were below the forecasts the season was still above the long-term average.
Adding that, “Of the US landfalls, Hurricane Milton, despite its intensity, did not cause widespread damage. In contrast, Hurricane Helene, although weaker, caused significant flooding in Georgia and the Carolinas, resulting in significant infrastructure damage and economic losses.
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