-
The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF. -
The sponsor is offering two notes but will only place one depending on market interest.
-
Secondary market pricing implies the sponsor could recoup a total of $50mn on the 2022-1 A note.
-
One fund tracked by the index had a negative month.
-
The fund held $10mn in AuM, with $3mn the minimum investment required.
-
North Carolina Farm Bureau raised $500mn with its latest Blue Ridge Re cat bond deal.
-
Demand for top layer coverage may also need to be supported by underlying market growth.
-
The single note is offering an effective coupon of 23.5% at the midpoint of guidance.
-
The firm anticipates potential growth in cyber cat ILS similar to property cat ILS post-2005.
-
Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
-
The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
-
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.
-
The issuance will be the fourth deal offered by the Lloyd’s carrier.
-
The shift in multiples is indicative of price softening in the cat bond the past two years.
-
The deal provides protection in Europe, after Mapfre Re’s debut bond last year covered US perils.
-
Growth included a $240mn increase in partner capital in DaVinci equity plus debt.
-
The average weighted spread on the deals was 651bps, skewed upward by cyber and wildfire deals.
-
Carriers are grappling with a rush of investor interest in longer-tail lines.
-
The reinsurer is the second sponsor opting not to renew cyber coverage in the bond market this year.
-
Mt Logan’s Q3 loss ratio improved by 44.2 points to 11.5% for the quarter.
-
The ratings agency first indicated it would consider a new methodology in March.
Most Recent
