-
The World Bank-backed deal is structured with a parametric trigger. -
Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
-
The reinsurer said it hopes to grow the size of the $13.75mn deal over time.
-
The value of White Mountains’ stake in the ILS manager grew last year despite the firm shrinking its holding.
-
The fund is a continuation vehicle for five of HSCM's life insurance interests.
-
-
The firm, one of three major reinsurance fronts, said it would manage run-off in an orderly way.
-
The platform’s ILS holdings comprise cat bonds and UCITs funds, and were up 8% over January and February.
-
The pension fund handed an ILS mandate to Hiscox in September 2023.
-
The carrier of last resort is proposing total risk transfer of $5.5bn.
-
Retained earnings resulting from reduced loss activity also helped to boost ILS capital.
-
The coverage will be for named storm and quake.
