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There’s not much supply in that marketplace, Papadopoulo said. -
The casualty ILS business now has $175mn in capital.
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The bond initially sought $425mn across three tranches.
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Six weeks after the storm, Perils released its first industry-loss estimate at EUR619mn.
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Renewal rates were favorable compared to what could have happened after several hurricanes.
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The firm’s assets under management were down $300mn in Q1 as performance fee income was hit.
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January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
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The program will provide excess casualty coverage across a broad range of industries.
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The Floridian company applied to be traded on the NYSE.
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The announcement spurred a quick spike in stock market valuations.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Torrey Pines Re is split among three tranches of notes.
