The financial system is preparing for the worst: billions of dollars are being moved due to global catastrophes.
Insurers are increasingly relying on catastrophe bonds to transfer the record-high wildfire risks to the capital markets. The value of bond issuances that include wildfire exposure has already exceeded $5 billion this year, bringing the market close to the 2025 record - according to Bloomberg.
Insurers are increasingly relying on catastrophe bonds to transfer record-high wildfire risks to the capital markets. The value of bond issuances that include wildfire exposure has already exceeded $5 billion this year, bringing the market close to a record set in 2025, according to Bloomberg.
