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Deal sizes increased by 84% on average across the six tranches that saw an increase.
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Climate change and other loss impacts were not adequately incorporated, sources said.
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Pricing fell by 13.5% on a weighted average basis across deals that updated last week.
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A higher loss quantum will put a greater burden on retro programmes.
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New limit of $474mn entered the market across two deals.
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American Integrity is seeking expanded limit on more favourable terms.
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FY24 disclosures show shifting fortunes at reinsurer ILS platforms.
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Peril- and geography-specific deals are being well received by investors.
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A negative January return will be unprecedented for ILS industry.
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Fermat stayed in the top spot surpassing $10.0bn for the first time.
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Secondary market pricing indicated anticipated California wildfire losses.
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As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.