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Palm Re will provide Florida named storm cat bond coverage for Florida Peninsula, Edison and Ovation Home Insurance Exchange. -
Multiples in March were below historic averages from 2001 through 2024.
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The cat bond market surpassed $50bn by the end of Q1 2025.
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The ETF will invest solely in natural catastrophe-exposed bonds.
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LA wildfire-exposed ILS positions experienced further declines.
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The firm announced CEO Trevor Carvey will retire and is returning to the UK from Bermuda.
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Scor is targeting limit of $200mn with its latest Atlas DAC retro cat bond.
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The carrier has received 12,300 claims as of 28 March.
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Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The notes replace a 2021 issuance that matured in January this year.
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The deal is 45% larger than 2024’s issuance after attracting a “greater number of investors”.
