Cat bonds unaffected by coronavirus outbreak: Official
Posted On: Mar. 19, 2020 5:41 AM CSTJohn Seo, managing director of U.S.-based investment manager Fermat Capital Management LLC, said that catastrophe bonds generally remain unaffected by the coronavirus outbreak, Artemis reported. However, the World Bank Group-issued pandemic cat bonds are exposed to a loss from the ongoing outbreak, which looks increasingly likely to cause a default and loss of principal after March 23.