Brokers

The company's CEO said the platform aims “to make the traditional broker business model a thing of the past”.

With up to $4.5bn of anticipated volume in the works, ILS broker-dealers are waiting to see how multi-strategy sellers will impact the primary market.

The policy would have likely paid out due to the coronavirus crisis.

But the merger will still create opportunities for rival brokers to claim market share.

Having a $20bn-revenue organisation would create the ability to invest more heavily in new solutions, including tech.

The broker said it was considering next steps for the wholesale arm to maximise its growth.

The former Aon retro broker was previously CEO of the UK arm at Fidelis.

The deal covered Turkish earthquake risk.

Aetna Life achieved its lowest coupon ever on the Class A tranche.

ILS broker-dealers’ forecast cat bond issuance will range from $8bn to $11bn this year, reclaiming ground lost in 2019 when annual volumes plummeted more than 40 percent year on year.

Intermediaries called the renewal “asymmetric” and “divergent” as rates began to move up after a pressured few years.

Alternative capital made up $60mn of the capacity Tremor priced last year, the company announced.