Hurricane Milton: Insurance, reinsurance, cat bonds, ILS able to respond
There is just not much else to say on major hurricane Milton, as still uncertainty is high over the eventual quantum of losses the storm will cause in its expected…
Bonds
Munis on the Rise
Municipal bonds have long been seen as a refuge within the bond market. In spite of everything, their credit quality and repayment are driven by the state’s and the local…
Munis weaker as Connecticut retail prices
Municipals were weaker Tuesday with the most important losses out long while U.S. Treasuries saw narrow gains on the day and equities ended up. Triple-A yields rose by as much…
Hurricane wind speeds forecast across entire Florida Peninsula as Milton approaches
Major hurricane Milton continues to bear down on Florida and in recent updates from the National Hurricane Centre warning areas for the Florida Peninsula have been expanded, with an expectation…
Hurricane Milton losses could amount to tens of billions, but uncertainty high: BMS’ Siffert
Insurance industry losses from major hurricane Milton’s eventual impacts in Florida could amount to tens of billions of dollars, but there may be high uncertainty still because the eventual landfall…
NYC’s third social GO deal will profit inexpensive housing
Investors could have a probability to purchase Latest York City’s third-ever social-labeled general obligation bonds this week. Comptroller Brad Lander said he has high hopes for the taxable $1.5 billion…
Hurricane Milton is biggest potential ILS market threat since Ian in 2022: Steiger, Icosa
As hurricane Milton heads towards Florida, the developing storm situation poses the largest potential threat to the insurance-linked securities (ILS) market since hurricane Ian in 2022, in accordance with Florian…
Milton forecast for Florida hurricane landfall. Cat bond & ILS market on watch
The Gulf Coast of Florida is facing one other hurricane landfall, as tropical storm Milton has formed and is ready to go quickly towards Florida, with rapid intensification forecast and…
Stadium costs mount for state and native governments
Taxpayers shoulder a heavy burden for sports stadium subsidies, the Tax Foundation said this week. Reams of research shows that using bonds to finance sports stadiums and arenas don’t generate…
Future Fund ILS allocation declines to US $1.49bn at June thirtieth 2024
Australian sovereign wealth investment fund, the Future Fund, saw its allocation to insurance-linked securities (ILS) fall again on the mid-point of this 12 months, with the investments it has with…