Bloomberg Television | Milton Catastrophe-Bond Losses Could Be Less Than 15%: Twelve Capital @markets | Uploaded 5 days ago | Updated 3 days ago
Tanja Wrosch of Twelve Capital, discusses the impact of Hurricane Milton on insurers and the potential losses for catastrophe-bond investors. "It's up to 15%, that's what we thought earlier. Cautiously, we would say it's likely, likely less," Wrosch told Bloomberg Television. "It played out in the end a bit better." Twelve Capital has a $5 billion portfolio, including $3.8 billion of catastrophe bonds. The Swiss asset manager said previously that insured losses from Milton could be anywhere from $40 billion to $150 billion, with corresponding cat-bond market losses of 2% to 15%.
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Tanja Wrosch of Twelve Capital, discusses the impact of Hurricane Milton on insurers and the potential losses for catastrophe-bond investors. "It's up to 15%, that's what we thought earlier. Cautiously, we would say it's likely, likely less," Wrosch told Bloomberg Television. "It played out in the end a bit better." Twelve Capital has a $5 billion portfolio, including $3.8 billion of catastrophe bonds. The Swiss asset manager said previously that insured losses from Milton could be anywhere from $40 billion to $150 billion, with corresponding cat-bond market losses of 2% to 15%.
Sign up for the 5 Things to Start Your Day newsletter to get up to speed with the most important US business & markets news each morning. https://bloom.bg/3wKxewE
--------
More on Bloomberg Television and Markets
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