Collateralised reinsurance
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The bond will offer retrocession coverage for Hannover Re. -
The carrier increased its cession by around 13% year over year.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The bond will provide fire protection for MGA Bamboo’s California business.
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The Class A section of the bond has doubled in size, at lower pricing.
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The Class B segment of the bond has priced below initial guidance.
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The bond provides coverage for storms, earthquakes and severe weather events.
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The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The vehicle is smaller by 8% as White Mountains’ participation grew.
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Over-subscriptions have been evident on well-priced US cat treaties.
