-
The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses. -
The pension scheme has been winding down its ILS portfolio in recent years.
-
Cat bonds, private ILS and retro were all kept at “strongly overweight”.
-
The multiple offered on the deal is around 2.5x the expected loss.
-
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
-
A strong forward pipeline will require fast work by ILS investment houses.
-
The headline figure of $7.15bn includes $2.91bn of DaVinci equity plus debt.
-
Some Canadian cedants have approached the market for top-up cover.
-
The ratings agency said comparing companies was complicated by the adoption of IFRS 17 accounting.
-
Reinsurers continued to diversify into primary and specialty business.
-
The CEA has $326.4mn towards risk transfer, 44% below budget.
-
Everest losses ceded to Mt Logan grew by 63% to $26mn.
