The risk models behind the world's best hedge fund strategy are getting a lot harder to crack.
Investors who hold these bonds gain outsize profits if a contractually pre-defined catastrophe doesn't occur.
A large chunk of last year's losses stemmed from “relentless” thunderstorm activity, according to Aon.
The potential dangers of enhanced AI are increasingly worrying investors.
Cat bonds are rising in popularity as their returns trounce those of virtually all other debt markets.
Catastrophe bond investors make money so long as the disaster described in the bond's terms doesn't happen.
S&P ditched an alphanumerical scale it introduced in 2021 and is now relying only on text descriptions.
The move reflects a lack of consensus on how to measure the financial impact of ESG factors.
Global warming is poised to increase borrowing costs for cities, countries and companies as record heat waves emerge worldwide.
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