Reinsurers
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The bond will provide named storm and quake coverage. -
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Robert Salzmann has been with the Swiss Re insurer for a decade.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The Class B notes on the carrier’s debut deal attach at $500mn of losses.
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The ILS manager has hit back at an attempt by the defendants to have the case dismissed.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The bond will provide aggregate coverage against named US storm.
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The bond is split into three tranches of notes.
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The latest clutch of offerings indicates pricing discipline in the bond market.
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Helene losses were spread wider than initially suggested, in contrast to Milton claims.
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The latest issuance is the second cat bond RenaissanceRe has issued this year.
