World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market

World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market

The world’s first-ever exchange-traded fund based on catastrophe bonds has failed to get the seed capital it expected after launching on the eve of the Trump administration’s tariff war.

The world's first Exchange Traded Fund (ETF), based on disaster bonds, is experiencing start-up difficulties. The Brookmont Catastrophic Bond ETF, which has been trading on the New York Stock Exchange since 1 April, has not yet managed to raise the targeted start-up capital. The fund manager Brookmont Capital Management, based in Texas, is responsible for the capital market turbulence caused by US President Donald Trump's trade war. "Some of our…

Utica National looks to upsize Genesee Street Re cat bond to as much as $150m - Artemis.bm

Utica National Insurance Group is now aiming to upsize its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond issuance, with the target lifted