Capital Flows

Catastrophe bond market grows as extreme weather events increase

Wildfires in Canada July 2023
Wildfires in Canada this year. Catastrophe bonds have largely been used to cover natural catastrophes (Photo: Noah Berger/AP Photo)

As storms, floods and fires linked to climate change become more frequent, catastrophe bonds are increasingly being used as an alternative to insurance, with potential advantages for investors and infrastructure

As climate change causes more frequent and more extreme weather events, catastrophe bonds offer an

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