Harvey has minimal impact on cat bond market

The impact of Hurricane Harvey on the secondary cat bond market has
been minimal, with no bonds triggering and only a slight dip in the
Swiss Re cat bond pricing index, according to sister publication
Trading Risk.
The cat bond market dropped 0.42 percent in
the week Harvey was heading for the Texas coastline, far less than
the 1.5 percent fall that followed Hurricane Matthew in October
last year.
Concerns were initially raised about five to eight cat bonds
considered...