Cat bonds recover after prices plummet ahead of Irma
The catastrophe bond market is retracing losses this week following a steep plunge in the price of the insurance linked securities in the run up to Hurricane Irma.
A portfolio manager speaking to GlobalCapital said that a number of investors were looking to shift their exposure to the market in the lead up to Hurricane Irma, which made landfall in the US last weekend.
The Swiss Re cat bond price return index dropped to a
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