Secondary market sales pushing down cat bond pricing: Twelve Capital
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement



Cookies Settings

Secondary market sales pushing down cat bond pricing: Twelve Capital

Martha Muir
28 March 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
twelve_capital_logo_zurich_2021.png

A flurry of selling in the secondary cat bond market is causing “weakness in pricing”, according to a note by Twelve Capital, as sources suggested investors are moving to free up capital for what is expected to be a bumper pre-hurricane season phase.

Deals held in Twelve’s UCITS Cat Bond strategies now have an average spread of almost 550 basis points (bps) above money market rates, an increase of nearly 80bps from a couple of weeks ago.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsTwelve CapitalCatastrophe bonds
MM
Martha Muir
Reporter
Gift this article