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The bond will provide named storm and quake coverage in the US. -
The bond is offering a spread range of 850-925bps.
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As with 2024, pricing pressure has been most acute on top layers.
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The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
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Tornadoes have killed at least 32 people in three states.
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One dollar-denominated deal has opted to hold collateral in EBRC notes.
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The bond will cover named storms in five US states.
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Berkshire Hathaway lost market share but remained the largest traditional reinsurer, our study shows.
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Price guidance for the bond is 4.00%-4.50%.
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The platform’s aim is to support the ILS industry in ‘getting the marks right’.
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The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
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Debut sponsor SV SparkassenVersicherung also secured its target size of $100mn.
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