Slow secondary trading amid uneven Ian pricing recovery
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Slow secondary trading amid uneven Ian pricing recovery

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Secondary trading in cat bonds has largely stalled post-Hurricane Ian, with few buyers and very little agreement on bid and ask pricing, sources have said.

Secondary market activity often cools in the immediate aftermath of a big cat event, but Ian has brought on more of a lock-up owing to the high levels of uncertainty involved in homeowners' losses because of claims litigation in...

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