Twelve Capital notes ‘mid-single-digit losses’ from Ian for most cat bond funds
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Twelve Capital notes ‘mid-single-digit losses’ from Ian for most cat bond funds

Liz Bury
04 October 2022
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Twelve Capital has acknowledged mid-single-digit valuation losses “for most funds and the cat bond market” based on broker pricing sheets for the week to 30 September, following Hurricane Ian.

The specialist ILS fund manager cited industry loss estimates for the storm of $50bn-$70bn for the Florida landfall, and $1.5bn

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NewsFloridaILS managersTwelve CapitalHurricane
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