Property
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January’s California wildfires meant third-party investors suffered a loss of $195.3mn. -
The Floridian company applied to be traded on the NYSE.
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Despite wildfires, reinsurers are “well positioned to maintain strong profitability in 2025”.
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Torrey Pines Re is split among three tranches of notes.
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The cat bond will initially cover named storms in Florida and South Carolina.
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Trouvaille II raised $580mn for 2025, compared to $325mn in 2024.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
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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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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
