Essayer OR - Gratuit
Baillie Gifford faces £12m 'cat bond' payout after hurricane
The Observer
|November 02, 2025
Edinburgh-based fund manager Baillie Gifford is on the hook to pay out as much as £12m in "catastrophe bond" insurance as a result of Hurricane Melissa, according to data seen by The Observer.
Through its exposure in two funds, Baillie Gifford is part of a group of investors expecting to pay a possible total of $150m in disaster relief funds to Jamaica, after last week's category 5 storm triggered terms for a payout.
So-called "cat bonds" are a relatively new type of fixed income product that allows help to get to where it is needed more immediately than traditional insurance coverage. In return for holding the bonds - which have preagreed parametric triggers, such as wind speed or earthquake severity - investors can usually expect a high yield of around 9% per year.
Cette histoire est tirée de l'édition November 02, 2025 de The Observer.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Observer
The Observer
Stripping citizenship with such ease tears at the moral fabric of society
\"A transcendental power more than ought to be entrusted to any man.\" So observed Lord Houghton in 1870 during a parliamentary debate over William Gladstone's proposal to revoke the citizenship of any naturalised Briton whose actions were \"inconsistent with his allegiance as a British subject\".
3 mins
January 04, 2026
The Observer
In capitalism’s casino, tech’s a surer bet
Britain invests too little.
4 mins
January 04, 2026
The Observer
Marty Supreme effect looks set to bounce table tennis into fashion
Players and fans hope the hit film, and the arrival of the world championships in London, will take the sport to another level
3 mins
January 04, 2026
The Observer
If Osborne had stood up to Cameron on the Brexit poll, we'd not be in such a mess
As more and more people become aware of the catastrophe that is Brexit, with — as I reported last time - even former chancellor George Osborne suggesting reentry to the customs union, the dilatory nature of the government's “realignment” efforts is becoming embarrassing.
3 mins
January 04, 2026
The Observer
When life is a rollercoaster, celebrate the highs
As the new year gets under way, try to keep your glasses half full
2 mins
January 04, 2026
The Observer
'We are putting barriers in the way of getting the most talented scientists'
When he was a child, Paul Nurse walked through a park to school on his own every day.
8 mins
January 04, 2026
The Observer
Zack Polanski’s migration policies aren’t naive — they are dangerously misleading
In a skilfully written article for The Observer last week, Zack Polanski, the leader of the Green party, spoke movingly of “the people who have lost everything”, waiting in “makeshift migrant camps” in Calais, hoping “that Britain might still honour its word and its values”.
5 mins
January 04, 2026
The Observer
Russia is numb to this conflict
Over the past three and a half years, it has become a familiar sight on the outskirts of Russian towns; long lines of fresh graves covered by wreaths in the colours of the Russian flag - and beneath them, Russian soldiers killed ina war in Ukraine that shows little sign, despite efforts, of ending.
2 mins
January 04, 2026
The Observer
No end in sight for Yemen's nightmare as UAE and Saudi Arabia's proxy conflict continues
A full-scale military confrontation between the two former allies was narrowly avoided last week. But the outlook for the Yemeni people caught in the middle is as dire as ever, reports Iona Craig
4 mins
January 04, 2026
The Observer
Royal Mail’s efforts to repackage its logistics problem have arrived too late Martha Gill
Universal mail once connected the country ata flat, affordable price now, as letters fade and parcels boom, rivals take the profits
4 mins
January 04, 2026
Listen
Translate
Change font size