Typhoon Lan Grounds Flights, Halts Trains as It Crosses Japan

Twelve Capital, the Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager, has said that it expects no direct losses from the wildfires in Hawaii, while typhoon Lan’s passage through Japan is not expected to cause much of an impact to its portfolios.The one area Twelve Capital does caution on is aggregate erosion exposure, so retention buffers