Reinsurers
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year. -
The event has caused widespread damage in Bangkok, Thailand.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The deal is 45% larger than 2024’s issuance after attracting a “greater number of investors”.
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Cat losses last month were lighter than historical trends, but all eyes are on Q1 figures.
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The bond provides coverage for North American storms and earthquakes, as well as European windstorms.
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The pricing is at the top end of the initial guidance range of 550-600bps.
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The bond will provide coverage for Japan typhoon and flood on an indemnity, per-occurrence basis.
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Lara Martiner joined Allianz in 2011 as group legal compliance officer and legal counsel.
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Sources warned some property XoL books are already running 50% loss ratios.
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Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.
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This will be the third cat bond issuance through Baltic Re PCC.
