Plenum Investments
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Tornados in the first six months of the year in the US were slightly above the 27-year average. -
The ILS fund now comes in at the 26th spot on Trading Risk’s ILS fund manager directory.
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The low-risk group of funds outperformed the high-risk funds in the month and year.
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The independent Swiss ILS firm has developed the index to help investors compare fund performance.
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The company said it expects portfolio positions to reflect the updated figures soon.
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The outcomes were better than the Swiss Re global cat bond index decline after the major hurricane.
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The cat bond specialist addressed potential losses on Florida wind-exposed bonds.
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Following Typhoon Odette in 2021, the Philippines received a $52.5mn payout, leaving $97.5mn for future storms.
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The manager’s analysis concludes some funds manage risk more efficiently than others.
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The earthquake was 250 times less strong than the 2011 Tohoku disaster.
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The fund will limit capacity to $400mn or 1.5% market share, and minimise exposure to secondary risks.
