Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Australia: Cyclone Ita threatens bond market

Reprints

The catastrophe bond market is tracking Tropical cyclone Ita as it moves closer to the north Queensland coastline in Australia, reports Artemis.bm.

Latest reports show that it has faintly weakened to Category 4 and its track has shifted a bit further to the east but if the cyclone skirts the coast, high wind speeds could continue for longer meaning higher insurance losses. Munich Reinsurance Co.'s Queen Street IX Re Ltd. and QBE Insurance Group Ltd.'s VenTerra Re Ltd. (Series 2013-1) are among cat bonds exposed to this risk, Artemis.bm reported.

Read more