Ex-Pimco Executive Scores Milestone on Catastrophe Bond ETF (2)

An exchange-traded fund tied to bets on natural disasters has started trading in London, after becoming the first such ETF to attract a lead market maker.

The KRC Cat Bond UCITS ETF was launched with the goal of drawing more retail investors into the rapidly growing market for catastrophe bonds, says Rick Pagnani, chief executive of King Ridge Capital Advisors, which is behind the new ETF. King Ridge, whose platform provider is HANetf, has tapped London-based Goldenberg Hehmeyer LLP as lead market maker.

“We want to make catastrophe bonds accessible to the general public,” Pagnani, who co-founded ...