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Roger Pielke Jr. was quoted in May 30th artemis.bm
As hurricane season approaches, cat bond market shows its appetite by Artemis
The catastrophe bond market continues to show its appetite to take on peak peril risks such as U.S., and especially Florida, tropical storm and hurricane risks, with over $4.1 billion of 2014 cat bond issuance having some exposure to hurricane season.
The 2014 Atlantic tropical storm and hurricane season is set to officially begin on the 1st of June, the start of a long season that runs to the end of November. As a peril or risk that is assumed by global reinsurers and the insurance linked securities market, hurricane risk remains the number one threat to reinsurer, and ILS manager, profitability and the largest single exposure for most players in these markets. Read more..
