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The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential. -
Private ILS would benefit from extension spreads to manage investor concerns, the CEO argued.
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The bond will offer retrocession coverage for Hannover Re.
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Its 2025 programme exhausts at $9.5bn excess $1bn.
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The ILS manager also swung to an operating profit after posting a loss in Q1 2024.
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All 29 funds tracked by the index returned a positive performance.
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The bond will provide protection against named storm and thunderstorm.
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Growing economic and population exposures are driving potentially larger insured losses.
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Cat bond sponsors continue to secure higher limits and lower rates versus their targets.
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Investor interest and capital flows point to potential for ILS proliferation.
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Renewal rates were favorable compared to what could have happened after several hurricanes.
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The bond will cover China, India and Japan quake and Japan typhoon.
