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CA Fairplan’s Golden Bear Re deal upsized 200% to $750mn. -
PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
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The note is paying a spread of 975bps, 11.3% below the midpoint of the initial guidance range.
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Man AHL Cat Bond Strategy has $1bn in assets, around 2% of Man AHL Partners’ total of $54bn.
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The TPA approach to investing was adopted by US pension fund Calpers last month.
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The offering is born out of software Ledger developed to manage its own portfolio since 2021.
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The firm will support administration of casualty ILS and other data-rich transactions.
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The total yield is down 162bps from 10.31% in the last week of November 2024.
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Migdal Insurance placed its debut cat bond Turris Re for $100mn of quake limit.
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There are various routes for ILS managers wanting to access the diversity of Lloyd’s underwriting.
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The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF.
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The sponsor is offering two notes but will only place one depending on market interest.
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Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
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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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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.
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The outcome of Eaton Fire subrogation is an uncertainty for some vehicles.
