Exploring the vulnerabilities of catastrophe bonds to extreme weather events, specifically focusing on John Sow's firm and the broader impact on investors. The chapter also highlights how certain bonds cover multiple weather perils, posing risks that investors may not anticipate.
Today on the Big Take podcast, we visit the hedge fund with one of the world’s largest collections of catastrophe bonds, Fermat Capital Management, to see how they place their bets to get record returns. And we hear how the growing industry is helping fill a need in the global insurance market.
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