Collateralised reinsurance
-
The bond will provide fire protection for MGA Bamboo’s California business. -
The Class A section of the bond has doubled in size, at lower pricing.
-
The Class B segment of the bond has priced below initial guidance.
-
The bond provides coverage for storms, earthquakes and severe weather events.
-
-
The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
-
Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
-
The vehicle is smaller by 8% as White Mountains’ participation grew.
-
Over-subscriptions have been evident on well-priced US cat treaties.
-
The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
-
Initial spread guidance for the three-year bond is set at 425-500bps.
-
The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
