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Reinsurers are much better placed to absorb cat losses; insurers are carrying more risk. -
The shift in market dynamics reflects $1.8bn of maturities last week.
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Sub-1% management fee and performance fee-only structures have evolved in ILS.
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The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
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The Gateway Re deal is seeking named storm cover in eight US states.
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The bond is split across Class A and Class B notes that have different levels of risk.
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Latin America and the Caribbean accounted for 4.6% of GWP for Lloyd's in 2023.
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The cat bond market was very active in April as spreads began to widen.
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The Icosa Cat Bond Strategy now stands at $130mn in AuM.
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Tanja Wrosch joins Twelve after more than a decade at Credit Suisse ILS.
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Market sources are speculating on the reasons behind the spread widening on index-based deals.
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The Abu Dhabi investor is exploring options for fresh investments in (re)insurance and ILS.
