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The ILS manager also swung to an operating profit after posting a loss in Q1 2024. -
There’s not much supply in that marketplace, Papadopoulo said.
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All 29 funds tracked by the index returned a positive performance.
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The initial offering will include 6,875,000 shares of common stock.
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The bond will provide protection against named storm and thunderstorm.
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The carrier is offering shares priced at $29-$31.
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Growing economic and population exposures are driving potentially larger insured losses.
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The casualty ILS business now has $175mn in capital.
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Cat bond sponsors continue to secure higher limits and lower rates versus their targets.
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Investor interest and capital flows point to potential for ILS proliferation.
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The bond initially sought $425mn across three tranches.
