Concerning news from Business Insurance that the Florida Hurricane Catastrophe Fund could face it’s own catastrophe in the future if it’s capitalisation isn’t shored up. The current financial and economic climate has caused it’s investors to be bailed out by governments around the world and most likely means the fund will also require a bail out to keep it solvent.
Perhaps this is a good time for the fund to begin looking at new ways of obtaining cover such as cat options and cat bonds, using instruments more closely linked to the actual event outcome may be a better way of structuring the fund?
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
