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Losses from the hurricane may not significantly impact on many funds’ annual returns. -
Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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Earlier this week, RMS estimated insured losses for Helene and Milton at $35bn-$55bn.
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Florida domestics, aggregate retro and flood deals were all marked down.
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The Dutch scheme is the largest ILS allocator with a long list of mandates within the sector.
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The multiple offered on the deal is around 2.5x the expected loss.
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The bond triggers on a parametric, per occurrence basis, across Class A and Class B tranches.
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Icosa said certain cat bonds could see more than 0.2 points of price movement.
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The manager’s ILS allocation now spans six of its seven investment funds.
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The ILS industry alumnus is understood to have two ILS investors lined up.
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Plenum said wind damage from Milton could lead to “moderate” losses for its cat-bond funds.
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Hurricane Milton will show the ILS product behaving as investors expect it to.
