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The parametric trigger on the World Bank deal specifies storm pressure of 955mb or lower but its initial reported landfall was at 975mb. -
Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula.
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The parametric structure would have paid out at slightly lower storm pressure.
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Benefits of ILS smart contracts include transparency and tradeability.
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Curtis Dickinson will help to oversee the strategy and vision of Hiscox Re & ILS.
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Recent modelling predicts a strong probability of direct landfall in Jamaica.
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The broker is entering the Japanese market with a focus on ILS.
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The manager’s ILS allocation has grown by 16% since 31 October 2023.
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The latest Kilimanjaro Re, 3264 Re and Gateway Re deals all priced.
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Cat bond spreads stabilised as maturities brought capital to deploy into the market, after an earlier spike.
