ILS firms note Ida not a cat bond loss, but agg pricing impact uncertain
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ILS firms note Ida not a cat bond loss, but agg pricing impact uncertain

Fiona Robertson
30 August 2021
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ILS firms Plenum and Twelve Capital reiterated that Hurricane Ida is not a meaningful loss for the cat bond market but said that it was possible there would be pricing fluctuations on aggregate-exposed deals.

Plenum forecast preliminary losses ranging from 0.08% to 0.6% for its cat bond funds. This did not account for aggregate pricing variations, although it underweighted these deals in general.

Twelve

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