At GAM Investments, we partner with recognised insurance-risk industry leader and highly experienced manager Fermat Capital to offer these distinctive and specialist cat bond strategies to our clients. Click here to find out more or go back and watch the full video.

About Fermat

1. Overview of Fermat and the investment team

Cat Bonds

1. Can you briefly outline how cat bonds work?
2. How can cat bonds protect against rising interest rates and inflation?
3. What are the ESG attributes of cat bonds and your strategy?

Investment Risks

1. What are the main risks when investing in a cat bond?
2. Is climate change likely to lead to more catastrophes and therefore higher losses for insurers?  How does Fermat mitigate these future risks?
3. How do your risk models differ from those of your peers?

Investment Portfolio

1. What perils are you typically exposed to?
2. Why is your portfolio so heavily concentrated in the US? Could it be more global?
3. What timeframe should investors consider when investing in cat bonds? More opportunistic or more strategic?

Investing Opportunity

1. Why do you think there is a particular opportunity to invest in cat bonds right now?
2. Are there other major segments of the cat bond market that you think should be of interest to investors (eg cybersecurity or pandemics)?