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The latest issuance offers a spread range of 650-700bps. -
Redington provides services to UK pension funds, wealth managers and institutional investors.
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As a result of mostly flooding, £495mn ($644mn) of losses occurred in the UK.
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The ILS allocation increased in dollar terms and held steady in euros.
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The $100mn earthquake issuance failed to attract investor interest.
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The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.
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She will remain based in Bermuda as head of risk capital strategy.
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The Florida-headquartered carrier blamed litigation rates and rising reinsurance costs for the move.
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Farmers Insurance Group is set to sponsor its first catastrophe bond in a two-tranche deal that would provide cover for losses from named storms, severe weather, wildfires and earthquakes, Trading Risk understands.
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Jessie Ruppe joins from Arch to oversee casualty ceded reinsurance, while two internal promotions will be responsible for financial lines and property cessions.
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Richard Anson previously served as head of ceded reinsurance at Antares and reinsurance manager for Aviva.
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He has ended a more than five-year spell at the Bermudian investment manager.
