Plenum: A $50bn Ian loss would push cat bond funds to loss

30 September 2022

Plenum has said that if Hurricane Ian losses reach $50bn, its cat bond funds would take annual losses that are similar in scope to the 4%-12% returns they were targeting.

Some of the losses would be temporary, in that they reflect the effects of mark-to-market write-downs.

The expected annual loss on its Cat Bond Dynamic Fund would be 9%-12%.

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