MultiStrat has announced that it has completed a $28mn casualty linked securities (CLS) deal covering high-frequency and low-severity casualty business for a $14bn alternative asset manager.
Initial industry loss estimates for last year's catastrophe events were probably too high to begin with, Arch Capital chief operating officer Marc Grandisson said on the company's fourth quarter earnings call.
Ratings agency, Demotech, is yet to pass judgement on 16 Floridian insurers it covers after affirming ratings on the majority of this peer group in a recent announcement.
The abundance of ILS and traditional capital is reducing the likelihood of a sustained rate hardening in catastrophe-exposed US insurance business, Willis Towers Watson has said in its update on the US property market.
