A popular punt


The aftermath of the Caribbean and south eastern US hurricane season this year left a large number of investors very happy. Despite preliminary estimates of insured losses from the storms ranging between $2 billion and $10 billion, the hurricanes are not expected to trigger any losses in the catastrophe bond market, according to initial estimates by Fitch Ratings. If the insured losses from these storms exceed a pre-determined threshold, then the investors could lose their entire

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