-
All 29 funds tracked by the index returned a positive performance. -
The bond will provide protection against named storm and thunderstorm.
-
Cat bond sponsors continue to secure higher limits and lower rates versus their targets.
-
Investor interest and capital flows point to potential for ILS proliferation.
-
The bond initially sought $425mn across three tranches.
-
The bond will cover China, India and Japan quake and Japan typhoon.
-
The bond will provide protection against German and Japan quake.
-
Secondary market traders are baking in further loss potential after PCS increased its wildfire and Helene loss estimates.
-
Franklin Templeton’s allocations to ILS are managed by fund of funds manager K2 Advisors.
-
The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
-
This is the first time the Texas Fair Plan has entered the cat bond market.
-
The deal of the size was unchanged at $100mn.
