-
The outcome of Eaton Fire subrogation is an uncertainty for some vehicles. -
Insurers with SCS exposure reaped fewer benefits but still improved over Q3 2024.
-
The shift in multiples is indicative of price softening in the cat bond the past two years.
-
The average weighted spread on the deals was 651bps, skewed upward by cyber and wildfire deals.
-
Carriers are grappling with a rush of investor interest in longer-tail lines.
-
One William Street priced its debut cat bond 13% below the midpoint of guidance.
-
Covea’s Hexagon IV Re deal priced 13% below the initial target on a weighted average basis.
-
Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
-
So far this year, there have been 11 first-time sponsors to place a deal.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Key topics include private ILS growth prospects and the longevity of longtail interest.
-
Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
Most Recent
