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The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups. -
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
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The groups highlighted technical hurdles to implementation at a Wednesday hearing.
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The model uses machine learning and daily data to forecast hurricane seasons.
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The bond’s pricing for southern US storms landed at the upper bound of guidance.
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Evercore is leading the capital raise process and Aon is assisting with the Lloyd’s application process.
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The bond is seeking coverage for named storm, severe thunderstorm and winter storm.
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ILS capital so far is viewed by sponsors as strategic rather than essential.
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There was a 12% increase in flood sums insured to C$7.3tn.
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Amy Stern started her career as vice president of group reinsurance at Zurich Re.
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Loss estimates are coming in for the weather event in Bavaria and Baden-Württemberg.
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The deal is offering a multiplier of 6.6x on the expected loss.
