Cat Bond Markets Price Wildfire Risk at 6x Models And The Gap Is Growing
Investors are pricing wildfire risk at six times what catastrophe models say it should be, and new research shows that premium spikes after major fires and doesn't come back down.
Read next
Pershing Files for $10B IPO as Vantage Deal Puts Insurance at Center of Ackman's Strategy
Pershing Square's IPO filing confirms the $2.1 billion Vantage acquisition and reveals insurance companies as anchor investors — while flagging the deal as a distraction risk to the fund itself.
