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Hannover Re's cyber bond pays on a parametric basis for each hour after an agreed waiting period. -
The analyst estimated Beazley’s loss from the global outage at $80mn-$120mn.
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Aeolus increased its participation on the program more than fourfold.
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In 2023, Berkshire provided around $1bn in capacity to the Floridian insurer.
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The carrier purchased an additional $150mn of cover.
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The event could unpack issues around accumulation risk and cloud services.
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The EUR150mn bond provides windstorm coverage in France and Monaco.
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More than 30% of the fund's AuM is allocated to US windstorm-linked bonds.
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Twia’s analysis showed existing rates were inadequate.
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The firm has observed a “more widespread investor base” in cat bonds.
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The fund follows an earlier climate change-focused ILS initiative from the firm.
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Industry losses of $800mn-$1.2bn are expected from Beryl's impact in Texas.
