-
The firm anticipates potential growth in cyber cat ILS similar to property cat ILS post-2005. -
Assets under management in UCITS cat bond funds stood at $17.8bn as of 7 November, according to data from Plenum Investments.
-
The cat bond market is on course for $56bn of notional outstanding by the end of this year.
-
The outcome of Eaton Fire subrogation is an uncertainty for some vehicles.
-
The two funds feed into the $892.5mn Schroder IF Flexible Cat Bond Fund.
-
Japanese firm MS&AD acquired 80% of ILS manager Leadenhall Capital Partners in 2019 from another affiliate.
-
The deal provides protection in Europe, after Mapfre Re’s debut bond last year covered US perils.
-
The reinsurer is the second sponsor opting not to renew cyber coverage in the bond market this year.
-
The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
-
The sponsor has $140mn of cyber cat bond protection maturing in December.
-
The carrier attributed the results to a significant fall in major-loss expenditure.
-
The largest net individual loss was January’s California wildfires at EUR615mn.
-
As the P&C market shifts, carriers are looking for growth from acquisitions.
-
The reinsurer-linked manager now offers three ILS funds encompassing private ILS and cat bonds.
-
The firm said this was due to planned returns of capital to ongoing investors.
-
Total yield is down from 11.18% in the last week of October 2024.
-
Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
-
The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
-
Competition on price from traditional markets is weighing on bond market momentum.
-
Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
-
EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
The hire is the hedge fund manager’s third ILS appointment in the past year.
-
A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
-
The alternative asset manager was founded in 2021 with offices in London, New York and Abu Dhabi.
-
The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
-
The new Verisk SCS model is increasing expected losses on aggregate bonds.
-
Charles Mixon joined the firm a year ago in a business development role.
-
The resource was developed by leading ILS managers and investors.
-
The economic loss from the event was around EUR7.6bn.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
Axa IM’s acquisition by BNP Paribas was confirmed in July this year.
-
Nick Fallon is the latest in a string of retro-broker moves in the market.
-
Victory Pioneer Cat Bond Fund also added assets in the past month.
-
Arch set up Bermuda investment manager Arch Fund Management in February.
