Reinsurers
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Nicole Chase was central to the build-out of Mt Logan while at Everest. -
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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The carrier has raised $75mn of higher-risk Class C coverage.
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The firm said it benefited from favourable retro market conditions.
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The single Class A note is paying a multiple of 2.1x.
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The carrier attributed the intensification of storms this season to climate change.
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Pricing on the Class A and Class B notes settled below guidance.
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The bond will provide named storm and quake coverage.
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Robert Salzmann has been with the Swiss Re insurer for a decade.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The Class B notes on the carrier’s debut deal attach at $500mn of losses.
