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ILS returns in 2023 sparked a flurry of enquiries from hedge funds. -
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This is up from the recent increase to $1.2bn.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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The announcement confirms earlier reports from this publication.
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Fee income was up by 30% year-over-year to $136mn in 2023.
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This came as the broker earmarked “material softening” of minimum traditional rates on line.
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Proceeds from the sale will be used to fund sustainable development projects.
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The carrier’s mega bond is seeking coverage for Texas named storm.
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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
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Sources said the deal was roughly three times over-subscribed as cat becomes hot.
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The multi-peril coverage was due to expire in June 2026.
