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Cat bond spreads stabilised as maturities brought capital to deploy into the market, after an earlier spike. -
Cat bond deals placed last week amounted to $150mn of issuance.
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ILS capital so far is viewed by sponsors as strategic rather than essential.
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A degree of pricing volatility was evident in the market this week.
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The firm is the sole provider to offer index services in the US.
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The shift in market dynamics reflects $1.8bn of maturities last week.
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Sub-1% management fee and performance fee-only structures have evolved in ILS.
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Market sources are speculating on the reasons behind the spread widening on index-based deals.
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The regulation now allows pension funds a more flexible benchmark for measuring alternatives.
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Forecasters have warned that a number of meteorological factors could make this year the most active on record.
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Torrey Pines, Atlas Capital and Marlon priced and sized up.
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Florida Citizens' Everglades Re bond priced up by 6% across three tranches.
