-
Price guidance for the bond is 4.00%-4.50%. -
The platform’s aim is to support the ILS industry in ‘getting the marks right’.
-
Debut sponsor SV SparkassenVersicherung also secured its target size of $100mn.
-
Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
-
Some $200mn of fresh limit entered the ILS market as $3.4bn of deals priced.
-
Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
-
The bond provides coverage on personal-lines property in Florida.
-
The series one notes will provide protection to the benefit of Twia.
-
The total yield, inclusive of the risk-free rate, was down on the same period last year.
-
The bond will provide multi-peril coverage on an industry loss basis.
-
Gallagher Re said rates had softened in 2025 versus the prior two years.
-
The bond will provide storm protection in Florida and South Carolina.
