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Suncorp reported A$568mn in natural-hazard event costs for the H1 2024 reporting period, resulting from six significant events. -
The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.
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The transformer vehicle issued $209mn worth of cat bond lites in 2023.
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Pricing is now targeted for 30 January, and closing on 6 February.
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Typical ILW attachment points for US peak perils have fallen from $60bn to $40bn-$50bn as the market awaits the final Hurricane Ian number from PCS.
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Phoenix Re renewal ‘shows commitment to doing Asia ILS, for Asia in Asia’, according to MS Amlin Asia Pacific CEO Will Ho.
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The motion was filed by Chaucer Insurance Company and Chaucer Syndicates, as managing agent of Lloyd’s Syndicate 1084.
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Market softening likely to being in 2025 as new capital is tempted in.
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The allocation last autumn amounted to around 1.4% of the investment manager’s total funds under management.
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The investment firm said cat bond spreads that are elevated relative to historical levels continue to offer an attractive entry point for investors.
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Pricing on Class A notes has reduced for a second time.
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The sidecars segment has been attracting inflows after returns hit a high note in 2023.
