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The reinsurer also cited West Coast wildfires, the August derecho, Hurricane Isaias and Typhoon Maysak as contributing to the total.
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The carrier also says its Q1 Covid-19 loss estimate remains at $235mn.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO.
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Shabnam Ahmed will build out the manager’s portfolio and train other underwriters.
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The firm’s fourth annual issuance brings the total volume of cat bond lite deals this year to $250.54mn.
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Chris Schaper becomes Validus Re CEO, Pat Regan suddenly departs QBE and more.
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As solutions for trapped capital emerge, either ILS managers or investors should take the lead.
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The average ILS fund was up 0.69% amid an active hurricane season, the fund reported.
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More seasoned trapped capital is likely to be suited to such deals.
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The per-share price is a 35% premium to yesterday’s close.
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The Bermuda carrier will be an initial investor in Griffin Highline.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.