Cat bond fund calls for greater insurer transparency

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By Jasper Cox
06 Dec 2018

Plenum CAT Bond Fund has received a sustainability certificate for next year, and the assessment process may help guide other investors in insurance linked securities (ILS). But it also raises questions about the transparency of insurers’ liabilities more generally: is the socially responsible finance movement looking at insurance firms in the right way?

When Plenum Investments, a Switzerland-based ILS investment manager, applied to receive a certificate that would recognise it as a sustainable mutual fund, the FNG Label, it was unprecedented.

Plenum is the first catastrophe bond fund to receive the label and the only one on the 65-strong list for ...

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