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'Cat bonds' investors may find themselves in deep water

Payouts for catastrophe losses from hurricane damage could see losses on investment principal for some bonds

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Damage estimates for Hurricane Harvey, which made landfall in Texas on Aug 26 before returning out to sea to then lash Louisiana, vary from around US$50 billion to well in excess of US$100 billion.

Monaco

INVESTORS in "cat bonds" - or catastrophe bonds - may find themselves in financial straits after insurers tot up their losses from hurricanes Harvey and Irma and put the nascent alternative reinsurance market to the test.

In recent years, cat bonds have enjoyed incredible

sentifi.com

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