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The offering is born out of software Ledger developed to manage its own portfolio since 2021.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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The firm will support administration of casualty ILS and other data-rich transactions.
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The total yield is down 162bps from 10.31% in the last week of November 2024.
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Your weekly news digest, including Europe’s first exchange-traded cat bond fund.
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Oaktree will fund the syndicate and act as investment manager for its assets.
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The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF.
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The firm’s external AuM has grown by 175% from 2019 to $3.3bn in 2025.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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The sponsor is offering two notes but will only place one depending on market interest.
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Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
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Fears relating to an economic downturn continue to dominate concerns.

