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In total, insurers paid indemnity of $11bn and loss adjustment expenses of $1.5bn for claims closed in 2022. -
The bond will provide protection from named storms in Florida for three years.
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The head of the ILS international team at Gallagher Securities Europe expects ILS issuance in the region to grow following rises in the European Central Bank rate.
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The independent manager’s post-Ian growth has helped it more than double from prior estimated assets under management.
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The Swiss Re Total Return Index climbed month-over-month throughout the year, to more than regain ground lost after Hurricane Ian in September 2022.
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Leadenhall Capital Partners (LCP) has named Yuko Hoshino as senior managing director for Japan and Asia within its business development team.
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Jon Colello will become president in the management shake-up.
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European rates on line increased by 7.60%, while in the US prices were up 5.25%.
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The firm will deploy newly developed, proprietary cat bond analysis platform Hubble.
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Roughly $750mn of securities across 13 cells are available to institutional investors via London Bridge vehicles.
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The performance continues an unbroken run of positive monthly returns in 2023.
