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The performance marked the best August for ILS since the index incepted in 2006. -
The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.
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The storm made landfall as a major hurricane in Florida’s Big Bend region.
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The manager is hopeful of closing all contracts by the end of 2024.
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Only three storms have impacted a larger area than Helene since 1998.
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The cat bond application process will be streamlined to 10 working days.
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The ILS manager expects “minimal, if any, losses” to bonds in its funds.
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Katarina Scamborova has been appointed president of the new vehicle.
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Maya Henry will be tasked with raising capital and managing clients in North America.
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A storm surge warning is in effect from Flamingo to Indian Pass.
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The facility will provide reinsurance coverage over three underwriting years.
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The ETF format provides for publication of a daily NAV.
