Irma doubt drags on secondary cat bond market

Uncertainty over the cost of hurricanes Irma and Maria has put
the brakes on the recovery of the secondary cat bond market, which
had initially rebounded.
The Swiss Re global cat bond price return index fell 1.8 percent
to 88.32 in the week ended 29 September, giving up the 0.7 percent
gain posted the previous week. As of last Friday, the index was
down 6.8 percent from 94.77 on 1 September before the emergence of
Irma.
However, it has still...