Milton write-downs to exposed cat bonds suggest ~$300mn losses
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Catastrophe bonds

Milton write-downs to exposed cat bonds suggest ~$300mn losses

Florida domestics, aggregate retro and flood deals were all marked down.

By Ben Wylie Fiona Robertson
October 17, 2024
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The cat bonds most heavily impacted by Hurricane Milton write-downs range from bonds protecting Florida domestics to aggregate retro and reinsurance deals and the flood insurance bonds protecting the National Flood Insurance Program (NFIP).

Overall,

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News Property treaty ILS managers Catastrophe losses Florida Catastrophe bonds Hurricane
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