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The former Credit Suisse ILS head Niklaus Hilti said working on life buyout hedges could rejuvenate the life ILS market.
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Novelty premiums will likely fade once investors are more comfortable with the risk.
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In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
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Other capacity supporting the syndicate is mostly individual Names, sources have said.
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The model factors in the effects of climate change to date.
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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
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The Mexican cat bond offers $125mn of protection against Atlantic named storms.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The deal is offering a multiple of 11.3x on the expected loss.
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The bond offers a multiple of 11.3x based on a modelled expected loss of 0.93%.
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The bond is offering a spread range of 950-1,050 basis points.
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Portfolios of clients of varying size in the same region aggregate more risk.