-
Palm Re will provide Florida named storm cat bond coverage for Florida Peninsula, Edison and Ovation Home Insurance Exchange. -
The ETF will invest solely in natural catastrophe-exposed bonds.
-
Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
-
Recent transactions on the platform include cat bonds from Flood Re and Brit.
-
Caution about capital markets volatility is leading sponsors to stagger bond renewals.
-
Industry sources estimate the market to be around $3bn.
-
ILS as a percentage of the pension fund’s total assets grew to 1.5%.
-
The bond was trading at around 12.3c on the dollar in the secondary market last month.
-
The UK listed investment manager has almost doubled its ILS allocation since April last year.
-
The bond will provide fire protection for MGA Bamboo’s California business.
-
The role oversees the $187bn Canadian pension plan’s ILS allocation.
-
The Class A section of the bond has doubled in size, at lower pricing.
