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UPC's Armor Re II cat bond has priced 17.7 percent below the midpoint of the initial spread guidance at 350 basis points (bps).
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Lane Financial's ILS rate-on-line index dropped by 9.5 percent in the first quarter, marking a softening to the initial rating spike that took place after last year's hurricane activity.
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Louisiana Citizens Property Insurance Corporation has launched a $100mn Pelican Re cat bond .
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Colorado State University scientists have predicted a more active Atlantic storm season this year, which is likely to result in seven hurricanes, three of them major.
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The Prudential Regulation Authority (PRA) has hired former ILS structurer and originator at Tullett Prebon Antonio Guevara to work on ILS.
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Stone Ridge's two reinsurance funds combined total net assets increased by 10 percent to reach $6.72bn at 31 January, according to Securities and Exchange Commission (SEC) filings.
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Ontario Teachers' Pension Plan's ILS investments were at least C$300mn in 2017, as its net assets grew by 7.92 percent year on year to reach C$189.5bn ($150.72bn).
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The US Federal Emergency Management Agency (Fema) has said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through an insurance-Iinked securities (ILS) transaction on or around 1 July.
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Perils' second loss estimate for extra-tropical Cyclone Eleanor, also known as Burglind, has risen to EUR680mn ($836.7mn).