Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say May 13, 2024 By Gautam Naik The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller...
Zurich Insurance to Halt Coverage of New Fossil-Fuel Exposures April 8, 2024 By Myriam Balezou and Gautam Naik Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning...
Hedge Fund That Rode Catastrophe Bond Rally Mounts Tactical Retreat March 13, 2024 By Gautam Naik A hedge fund that last year delivered its best result ever thanks to catastrophe bonds is now scaling back its...
Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
Hedge Funds’ Mega Returns Set Off Demand Spiral for Catastrophe Bonds February 5, 2024 By Sheryl Tian Tong Lee and Gautam Naik As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...
Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk January 22, 2024 By Gautam Naik and Sheryl Tian Tong Lee For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. The...
Hedge Fund Fermat Has Best Year Ever as Catastrophe Bonds Deliver Record Results January 18, 2024 By Gautam Naik Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds...
AXIS Capital Sponsors First Cyber-Catastrophe Bond Issued in Public Debt Markets November 29, 2023 By Gautam Naik For the first time, a cyber-catastrophe bond has made its way into public debt markets. Long Walk Reinsurance Ltd. issued...
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets November 13, 2023 By Gautam Naik Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt...