ILS
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The index’s performance in November was stronger than the prior year, although YTD returns are behind 2023. -
Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The ILS manager analysed 16 UCITS fund portfolios to compare risk levels.
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The renewal marks the seventh issue of the retro vehicle.
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Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
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Novelty premiums will likely fade once investors are more comfortable with the risk.
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In the US, pricing fell by 6.2% at the major renewal.
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The manager’s Interval Fund returned 28.25% over the financial year.
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Nicole Chase was central to the build-out of Mt Logan while at Everest.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
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The broker anticipates strengthening investor demand for collateralised re.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
