X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Lincoln Emberton, center, walks with his family through debris along washed-out highway A1A after Hurricane Matthew passed by the area, Friday, Oct. 7, 2016, in Flagler Beach, Fla. (AP Photo/Eric Gay)

(Bloomberg) – Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida.

The Swiss Re Cat Bond Price Return Index dropped 1.7 percent this week, the steepest decline since Superstorm Sandy in 2012. The benchmark, which is recalculated every Friday, had climbed 14 straight weeks through Sept. 23.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.