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...
Worsening Weather Igniting $25 Billion Weather Derivatives Market May 8, 2024 By Sam Potter Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said...
Florida’s Slide Insurance Secures $210 Million Catastrophe Bond April 11, 2024 Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The...
Hamilton Insurance Group Sponsors Catastrophe Bond Easton Re March 15, 2024 Hamilton Insurance Group Ltd., the Bermuda-based re/insurer, announced the sponsorship of a new catastrophe bond through the issuance of Series...
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...
Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond February 23, 2024 Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie...
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...
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...