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Maya Henry will be tasked with raising capital and managing clients in North America. -
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The ETF format provides for publication of a daily NAV.
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The deal is offering a multiple of 11.3x on the expected loss.
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LCP said the suit aims to frustrate its efforts to enforce contractual rights.
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Fifteen events caused estimated losses of $306mn.
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The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
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The bond offers a multiple of 11.3x based on a modelled expected loss of 0.93%.
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Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.
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Brokers expect strong competition at remote risk layers at the 1 January renewal.
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A strong forward pipeline will require fast work by ILS investment houses.
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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000.
