Reported 1 day ago
Catastrophe bonds have reached unprecedented issuance levels this year, expanding the overall market to almost $50 billion as insurers shift more climate-related risks to private investors. Sales of these bonds for covering losses from extreme weather events increased by 7% compared to last year's record, reflecting the industry's need to manage rising insured losses from more frequent natural disasters influenced by climate change. Investors are anticipated to see attractive returns, with expectations for high single-digit to low double-digit gains in 2025.
Source: YAHOO