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The loss tally is considerably lower than estimates issued by model vendors. -
The pension scheme has been winding down its ILS portfolio in recent years.
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Reserve risk specialist Enstar has struck its first deals in the ILS space this year.
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The deal would represent a diversifying auto risk deal.
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Pricing is expected to “stay neutral of soften” for January renewals.
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The sovereign wealth fund’s ILS investments grew to $828mn.
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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
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Cat bonds, private ILS and retro were all kept at “strongly overweight”.
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The ILS allocation increased in dollar terms and held steady in euros.
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Managers expect Hurricane Milton losses to shore up pricing.
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Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
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Post-Milton investor interest in ILS has yet to translate into dollars allocated.
