Hurricane Milton likely to increase cat-bond risk premiums: Plenum
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Hurricane Milton likely to increase cat-bond risk premiums: Plenum

Plenum said wind damage from Milton could lead to “moderate” losses for its cat-bond funds.

By Abbie Day
October 14, 2024
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A member of the Pasco County Sheriff's Office goes out to help residents trapped in their homes as waters rise after Hurricane Milton caused the Anclote River to flood, Friday, Oct. 11, 2024, in New Port Richey, Fla. (AP Photo/Mike Carlson)
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Hurricane Milton damage was “less severe than initially feared” but losses could still be enough to increase cat-bond risk premiums, despite already being at a “historically high level”, according to Plenum Investments.

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