Cat bond market suffers Matthew drop

The cat bond market experienced its largest one-week drop since
Superstorm Sandy, sister publication Trading
Risk reported, with some of the insurance-linked
securities transactions that benefit Florida takeout insurers among
those written down.
The Swiss Re cat bond price return index fell 1.57 percent to
reach a value of 94.0 on Friday 7 October, compared to a 2.6
percent fall the week after Sandy.
Secondary pricing sheets obtained by Trading Risk showed there
were several cat bond tranches th