For our latest Artemis Live interview, we discussed the state of the catastrophe bond market after hurricane Ian and the opportunities now available to investors with Florian Steiger, Head of Cat Bonds at specialist ILS and reinsurance asset manager Twelve Capital.
Steiger explained that the catastrophe bond market actually got lucky with hurricane Ian, as had the storm made landfall further north close to Tampa, or impacted Miami, the realised losses for the cat bond segment could have been much more significant.
"I think, the outcome of hurricane Ian, and as we also see it now that there's more clarity, I think it's a rather positive outcome and it could have been much worse," Steiger explained in our video interview.
Steiger discussed how his firm, investment manager Twelve Capital, is viewing the prospect for catastrophe bond losses from hurricane Ian.
He also explained the investment manager's view on the market opportunities that are now available to investors in cat bonds, as returns rise significantly given the pricing in of risk and losses.
Listen to this full podcast episode for more insights into the post-Ian catastrophe bond market environment.
Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance