Reported 2 days ago
Catastrophe bonds are witnessing a significant influx of investors after delivering exceptional returns in recent years, particularly a record 20% in 2023. Despite increased extreme weather events, these bonds have proven resilient, with projected returns around 16% for 2024. The market for catastrophe bonds is estimated to be valued at $48 billion, driven by ongoing changes due to climate change and urban development. While 2024 is shaping up to be a strong year for investors, challenges remain as they navigate increasing risks from secondary perils like wildfires and floods.
Source: YAHOO