-
The latest issuance signals the second time the sponsor has entered the cat bond market. -
The bond offers a midpoint multiple of 4.1x with an expected loss of 0.92%.
-
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
-
Stokes has been with Pillar for nearly four years.
-
Only around EUR70mn-EUR140mn will fall to private insurers.
-
The firm’s AuM in four key vehicles rose $526mn in Q3.
-
The firm sees a "robust" pipeline of potential investors ahead of the renewals.
-
The Floridian also announced the completion of its first-ever takeout from Florida Citizens.
-
Ceded losses grew by 69.2% in Q3 from the prior year quarter to $44mn.
-
The combined ratio included 17 points of catastrophe losses in the third quarter.
-
CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”.
-
In its first deal, Enstar received $350mn in premium for certain 2019 and 2020 business in AlphaCat’s portfolio.
