-
The bond will provide protection against China, India and Japan quake, and Japan typhoon. -
The subject business covers a portfolio of residential insurance.
-
The announcement spurred a quick spike in stock market valuations.
-
KCC is part of the CDI’s review into creating a public wildfire cat model for insurers.
-
The sponsor is estimating a loss of ~$300mn in relation to one of last month’s US tornado events.
-
Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
-
Sutton National and Bamboo Ide8 secured $170mn of sidecar and cat bond protection.
-
The bond will provide coverage against named storm or severe thunderstorm over three years.
-
Torrey Pines Re is split among three tranches of notes.
-
The issuance is split across three tranches with varying degrees of risk.
-
The prediction comes after a highly active hurricane season in 2024.
-
The deal is split across four tranches, with the riskiest note Class D targeting $150mn.
