Ex-Pimco Executive Plans Europe’s First Catastrophe-Bond ETF

Europe may soon get its first exchange-traded fund based on catastrophe bonds.

An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge Capital Advisors.

“This is an opportune time to pursue a European ETF,” Pagnani, who until last year was running the insurance-linked securities desk at Pacific Investment Management Co., told Bloomberg on Monday.

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King Ridge is already managing the world’s first-ever cat-bond ETF for Brookmont Capital Management. The fund, which is listed in the US, ...