Climate alarmist Emanuel is director of offshore insurance company

MIT climate alarmist Kerry Emanuel told Mother Jones that Republican climate skepticism made him “ashamed to be an American.” Here’s perhaps another reason for him to be ashamed.

Emanuel apparently sits on the board of AlphaCat Fund, a subsidiary of Bermuda-based Validus Holdings, a property and casualty insurer. Here’s the description of AlphaCat Fund:

The AlphaCat Fund and the AlphaCat High Return Fund invest in private reinsurance transactions as well as catastrophe bonds, a common type of ILS issued by insurance and reinsurance companies. Validus Managers leverages the Validus Group’s extensive business sourcing, underwriting, research and analytic capabilities to construct ILS portfolios with a superior long-term expected return subject to prudent risk constraints.

Is Emanuel helping an offshore insurer profit from the scare he’s helping to foment?

6 thoughts on “Climate alarmist Emanuel is director of offshore insurance company”

  1. Now, if reinsurers like the AlphaCat Fund and the AlphaCat High Return Fund collect one extra dollar for any investment based on a fraudulent basis, such as fake Anthropogenic Global Warming, the courts would be filled will cases for the remainder of the century.

  2. Now he’s been outed, he will, of course, issue a statement declaring that his directorship is being taken out of context.

  3. The existence of a second party naturally would make this guy ashamed. Especially one that doesn’t support his orthodoxy.

  4. If you can keep your head when all about you
    Are losing theirs and blaming it on you,
    There’s a chance to make a bundle.
    (With apologies to Rudyard Kipling)

Leave a Reply

Your email address will not be published.