The fundamentals underpinning recent and expected future levels of activity in the catastrophe bond market are tremendous according to John Seo of Fermat Capital Management LLC, given which the cat bond market’s growth is absolutely to be expected and absolutely viewed as sustainable, he has explained.
Speaking during a Fermat Capital Management hosted webinar yesterday, John Seo, Co-Founder and Managing Director of the specialist catastrophe bond and ILS investment firm gave some insights into how he thinks about the market’s recent success and also opined on some of the misnomers that are commonly held about cat bonds and insurance-linked securities (ILS).
Asked about what has been driving cat bond market activity levels and how investors should think about whether they are late to the party or not, Seo explained that it’s all down to the fundamentals, but that allocators should come with a long-term view of the asset class.
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