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Most of the ILS investments were made via the cat bond heavy High Yield Fund. -
Palm Re will provide Florida named storm cat bond coverage for Florida Peninsula, Edison and Ovation Home Insurance Exchange.
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Multiples in March were below historic averages from 2001 through 2024.
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The ETF will invest solely in natural catastrophe-exposed bonds.
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Scor is targeting limit of $200mn with its latest Atlas DAC retro cat bond.
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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”.
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The cedant’s Namaka Re bond is offering a spread range of 200-250 bps.
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The bond provides coverage for North American storms and earthquakes, as well as European windstorms.
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The pricing is at the top end of the initial guidance range of 550-600bps.
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The bond is being issued through Lloyd’s London Bridge 2 platform.
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The bond upsized by around 20% as pricing settled 2% below initial guidance at 7%.
