Business

Rising Rates May Help Reinsurers Better Rate Climate Risks


The yield range has long been a driver for the dire bond market, acting as a backstop for the global insurance industry. But as economic conditions change and climate worries grow, dealing with hurricane risk may become too stressful for some investors.

Industry Damage estimate for Hurricane Ian is still changing and in any event the actual loss tally will not be settled for a period of time as litigation and claims adjustments take place. But with a forecast of several tens of billions of dollars, reinsurance behind the major insurers will start to get involved — as well as “alternative capital” insurance like so-called cat bonds.

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