-
Caution about capital markets volatility is leading sponsors to stagger bond renewals. -
The ILS segment is not ready to gloss over loss-heavy years in renewal discussions.
-
The mega cat bond season in Q2 last year recorded issuance of $8.2bn.
-
The agency said introduction of a new methodology will depend on the feedback it receives from the ILS market.
-
The March 13-16 storms would mark the first billion-dollar US SCS event of the year.
-
Industry sources estimate the market to be around $3bn.
-
The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
-
Sources warned some property XoL books are already running 50% loss ratios.
-
Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.
-
The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
-
The cat bond manager warned of excess downside risk owing to an accumulation of losses.
-
Flood Re’s bond Vision 2039 bucked the trend by pricing up 7% as its secured £140mn ($174mn) of limit.
