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CA Fairplan’s Golden Bear Re deal upsized 200% to $750mn. -
PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The note is paying a spread of 975bps, 11.3% below the midpoint of the initial guidance range.
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Man AHL Cat Bond Strategy has $1bn in assets, around 2% of Man AHL Partners’ total of $54bn.
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The TPA approach to investing was adopted by US pension fund Calpers last month.
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The total yield is down 162bps from 10.31% in the last week of November 2024.
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Migdal Insurance placed its debut cat bond Turris Re for $100mn of quake limit.
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The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF.
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The sponsor is offering two notes but will only place one depending on market interest.
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Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
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One fund tracked by the index had a negative month.
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The fund held $10mn in AuM, with $3mn the minimum investment required.
