-
The outgoing CEO will leave the company at the end of March 2025. -
The latest issuance signals the second time the sponsor has entered the cat bond market.
-
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
-
Only around EUR70mn-EUR140mn will fall to private insurers.
-
The bond provides protection in France and its overseas territories.
-
The firm is also integrating changes to its process to allow it to cover wider ground.
-
The reinsurer is planning to drop its cession rate from 40% to 30%-35%.
-
The latest issuance offers a spread range of 650-700bps.
-
Redington provides services to UK pension funds, wealth managers and institutional investors.
-
As a result of mostly flooding, £495mn ($644mn) of losses occurred in the UK.
-
The ILS allocation increased in dollar terms and held steady in euros.
-
The $100mn earthquake issuance failed to attract investor interest.
Most Recent
