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Finance & Markets

Catastrophe-Bondholders Bet Hurricane Polo Won’t Trigger Losses

Investors in a catastrophe bond targeting Mexico are betting they’ll be spared losses as Hurricane Polo looks set to avoid landfall as a dangerously destructive storm. “I’d never say never,” said Florian Steiger, chief executive of Zurich-based cat-bond manager Icosa …

We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.

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Brent Set for Weekly Gain as Houthi Attacks Rattle Saudi Oil Supply

Crude oil prices dipped from Thursday's close earlier today but Brent crude was on track for a weekly gain on continued concern about the security of supply from the Middle East.

  • Brent crude set for weekly gain, trading at $105.65 per barrel
  • Houthi attacks on Saudi oil infrastructure support prices
  • US-Iranian talks on ceasefire may impact oil supply

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