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McCabe departs Twelve Securis following merger
He had spent 10 years at Securis, with seven of them as COO.
Opinion
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Cat bond issuance of $14.4bn sets a record of H1
Weighted average multiples were down as sponsors capitalised on demand to push spreads lower.
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Analysis
Everest Re increased the targeted size of Kilimanjaro Re across all four classes of notes.
The California Earthquake Authority upsized its Ursa Re deal by 60% to $400mn.
Buyers have turned to retro markets for covers where ILW pricing is less attractive.
Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.
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