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All 29 funds tracked by the index returned a positive performance. -
The bond will provide protection against named storm and thunderstorm.
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Growing economic and population exposures are driving potentially larger insured losses.
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Cat bond sponsors continue to secure higher limits and lower rates versus their targets.
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Investor interest and capital flows point to potential for ILS proliferation.
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The bond will cover China, India and Japan quake and Japan typhoon.
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The bond will provide protection against German and Japan quake.
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Secondary market traders are baking in further loss potential after PCS increased its wildfire and Helene loss estimates.
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SCS losses were also above average in Q1 due to “lingering” La Niña conditions.
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Franklin Templeton’s allocations to ILS are managed by fund of funds manager K2 Advisors.
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Insured losses were the second highest on record for the first quarter.
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Fully placed, this would equate to $275mn on the per-occurrence tower and $675mn on agg.
