Collateralised reinsurance
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Reserve risk specialist Enstar has struck its first deals in the ILS space this year.
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Losses from the hurricane may not significantly impact on many funds’ annual returns.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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The manager’s ILS allocation now spans six of its seven investment funds.
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Quick-moving cat risk trading may become more prevalent in the ILS market.
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The deal economics take into account the investment return that Longtail Re can leverage.
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The bond’s pricing for southern US storms landed at the upper bound of guidance.
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The parametric bond provides coverage for named storms.
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Its Class 13 and 14 notes priced roughly at the midpoint of expectations.
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Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.
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The bond will provide protection against Japanese flood and quake events.
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The bond will insure against named storms in eight US states.
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