Cat bonds to see valuation volatility after Ida’s north east flooding: ILS managers
6th September 2021There’s likely to be some uncertainty in the secondary market pricing of the outstanding FloodSmart Re catastrophe bonds that provide reinsurance from the capital markets to FEMA’s National Flood Insurance Program (NFIP), after the remnants of hurricane Ida flooded north eastern US states, ILS investment manager Plenum has said.
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