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Some $409mn of volume entered the market in the week to 4 November.
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The low PCS number is presenting a challenge for ILW buyers and sellers.
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Reserve risk specialist Enstar has struck its first deals in the ILS space this year.
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Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
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Managers expect Hurricane Milton losses to shore up pricing.
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Many in the ILS sector are bullish on Milton losses falling at the lower end of earnings impacts.
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Hurricane Milton will show the ILS product behaving as investors expect it to.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Collateralised reinsurance and retro are in the firing line.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.