Weather Risk

Catastrophe bonds allow issuers to pass part of their risk over to capital markets.

Monthly global temperature records have been broken for twelve successive months from June 2023 to May 2024.

Parts of Texas have already received nearly a foot of rain.

During Hurricane Ida, hundreds of barges broke loose along the Mississippi River, causing extensive damage.

Swiss Re Chairman Jacques de Vaucleroy believes more expensive insurance will have beneficial effects.

Tropical Storm Alberto, the first named storm of 2024, caused heavy rainfall from Texas to Veracruz, Mexico.