Hurricane Ian slashes cat bond values as some face significant losses
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Hurricane Ian slashes cat bond values as some face significant losses

Liz Bury
05 October 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Storm surge afterman Hurricane Irma at Wrightsville Beach, NC.jpg

As the cat bond market plunged into the red last week, the most aggressive devaluations on notes included the FloodSmart bonds benefiting the National Flood Insurance Program (NFIP) and some bonds from Florida cedants.

FloodSmart bonds were priced for a loss of around $870mn across multiple notes, reflecting that water losses are set to be a significant component of the overall impacts of Hurricane Ian.

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

NewsCatastrophe lossesCatastrophe bondsHurricaneFlorida
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article