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Latest pricing suggests secondary market traders are baking in further loss development.
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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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Nephila revenues would likely have been higher, but for an ‘elevated climate signal’ this year.
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Fee income fell by 42% to $25.1mn in Q3 over the prior-year quarter.
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The pension scheme has been winding down its ILS portfolio in recent years.
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The deal would represent a diversifying auto risk deal.
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The ILS allocation increased in dollar terms and held steady in euros.
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Managers expect Hurricane Milton losses to shore up pricing.
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Risk remote strategies, including private ILS, have outperformed higher risk strategies over the last decade.
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Florida domestics, aggregate retro and flood deals were all marked down.
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The ILS industry alumnus is understood to have two ILS investors lined up.