SSREF - Cat Bond Market's Merit Underscored. Rate Hardening Expected: Swiss Re
The catastrophe bond market's merit was underscored by the way it continued to operate effectively despite recent volatility stimulated by catastrophe losses, but after the losses it is expected that investors will want to see cat bond rates harden, according to Swiss Re (SSREY).
The global reinsurance firm has published its latest review of the catastrophe bond and insurance-linked securities ((ILS)) market, analysing issuance through the final months of 2018.
Swiss Re highlights the challenges faced by cat bond investors and cat bond investment fund managers through 2018, both due to fresh losses occurring during