Plenum cat bond Ian losses ‘significantly lower’ than feared

11 November 2022

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Plenum has announced that the actual losses from Hurricane Ian to its cat bonds are “significantly lower” than its initial estimates.

The fund manager said it has now received initial loss estimates in relation to the cat bonds it holds and can now release the rough losses to each bond.

Its

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Plenum cat bond Ian losses ‘significantly lower’ than feared

Plenum has announced that the actual losses from Hurricane Ian to its cat bonds are “significantly lower” than its initial estimates.

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Plenum cat bond Ian losses ‘significantly lower’ than feared

Plenum has announced that the actual losses from Hurricane Ian to its cat bonds are “significantly lower” than its initial estimates.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PCS puts second Hurricane Milton insured loss at $15bn

Fidelis seeking $300mn of named storm and quake coverage

US carriers target cat bond market as deal multiples hold up

Oak Re secures Bain Capital as minority backer ahead of 1.1 launch

ILS market sizing Hurricane Milton losses at around $20bn