-
Central pressure of 900mb or below would trigger a full loss of the $150mn deal. -
The legacy cover will backstop policies written by its North American insurance business.
-
Pricing on Friday implied a potential $45mn loss to the bond, before the storm outlook deteriorated.
-
So far this year, there have been 11 first-time sponsors to place a deal.
-
The insurer of last resort’s exposure was $696bn as of last September.
-
The bond will provide protection against US wind with a PCS trigger.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Investor interest is warming up following a colder spell over the past several years.
-
The award of the mandates marks the California public pension plan’s entry into ILS.
-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
-
The hire is the hedge fund manager’s third ILS appointment in the past year.
-
Key topics include private ILS growth prospects and the longevity of longtail interest.
Most Recent
