-
This adds to $380mn of Gateway Re limit placed this year. -
Florida Citizens' Everglades Re bond priced up by 6% across three tranches.
-
The second part of the PoleStar Re issuance takes the bond's total volume to $300mn.
-
Traditional reinsurers such as Berkshire Hathaway and Arch pushed for more share, our annual study of Florida cessions shows.
-
The former Everest executive will look to roll out a range of new product lines at the MGA.
-
The carrier reported 1 April price increases of 3.2%.
-
Citizens also secured $1.1bn of limit for its Everglades Re cat bond.
-
This takes pre-tax cat losses for the calendar year to $1.23bn
-
Spreads on all tranches of notes settled above the initially guided range.
-
CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
-
P&C re and CorSo reported improved net profits and combined ratios for the quarter.
-
The capital will be allocated to a pure cat bond strategy, sources have confirmed.
