-
Some $1.2bn of limit was placed in the cat bond market this week. -
Casualty ILS made inroads, while hurricane hedging strategies came into focus.
-
The $600mn fund could allocate up to 10% of assets to cat bonds from 2025.
-
Initial spread guidance for the three-year bond is set at 425-500bps.
-
The storms struck Victoria, New South Wales and Queensland.
-
Recoletos Re DAC SPI takes its name from the Paseo de Recoletos boulevard in Madrid.
-
The carrier has raised $75mn of higher-risk Class C coverage.
-
The bond offers a higher multiple than a similar Fuchsia Re deal placed last year.
-
The reinsurance veteran joins from Artex Risk Solutions.
-
Most of the industry losses occurred in Austria, the Czech Republic and Poland.
-
The bodies said that tapping into the cat bond markets was a possibility.
-
The company no longer has any exposure to reinsurance contracts.
