TPRE - No Coronavirus Contagion For The Catastrophe Bond Market: Seo
It's business as usual in the catastrophe bond market despite the global crisis of the Covid-19 coronavirus outbreak, according to John Seo, Co-Founder and Managing Director of Fermat Capital Management.
Commenting in a recent communication to his investors on the coronavirus outbreak, its effects on global financial markets and whether that has affected catastrophe bonds, Seo says "catastrophe bonds generally remain unaffected."
"In the midst of a global pandemic, investors are quite understandably asking whether the catastrophe (cat) bond / insurance-linked securities (ILS) market are caught up in the wider market contagion," Seo explained.
Adding,