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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn. -
Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
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The carrier said reinsurance was a key component of its “low-volatility strategy”.
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The vehicle is yet to recover to 2021 levels of $235mn.
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Spread guidance anticipates a lower multiple compared to 2024’s Vitality Re issuance.
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The forecasts anticipate a large volume of maturities and rising sponsor demand.
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In the US, pricing fell by 6.2% at the major renewal.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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The manager’s Interval Fund returned 28.25% over the financial year.
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Nicole Chase was central to the build-out of Mt Logan while at Everest.
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Cat bonds were a key supply-side driver at 1 January 2025.
