-
The ILS and reinsurance broker was established last October by Raj Jadeja. -
The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
Aetna, Inigo and GeoVera were the three sponsors seeking lower multiples.
-
The index’s performance in November was stronger than the prior year, although YTD returns are behind 2023.
-
Investigators are homing in on the likely causes of the incidents.
-
AM Best said it expects insured losses from the California wildfires to be “significant”.
-
The vehicle is smaller by 8% as White Mountains’ participation grew.
-
The reinsurer is seeking annual aggregate cover against earthquakes and second-event named storms.
-
The sponsor has expanded its target deal size compared with a year ago.
-
The first cat bond deal from the carrier achieved its target size of C$150mn.
-
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
