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An “extraordinary” proportion of storms reached Category 5 status this year. -
One fund tracked by the index had a negative month.
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The fund held $10mn in AuM, with $3mn the minimum investment required.
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North Carolina Farm Bureau raised $500mn with its latest Blue Ridge Re cat bond deal.
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Demand for top layer coverage may also need to be supported by underlying market growth.
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New catastrophe reinsurance Syndicate 2359 has an approved stamp capacity of £100mn.
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The single note is offering an effective coupon of 23.5% at the midpoint of guidance.
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The firm anticipates potential growth in cyber cat ILS similar to property cat ILS post-2005.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Assets under management in UCITS cat bond funds stood at $17.8bn as of 7 November, according to data from Plenum Investments.
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The cat bond market is on course for $56bn of notional outstanding by the end of this year.
