Swiss Re
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The forecast for real-term premium growth was depressed by anticipated claims inflation. -
The ILS manager’s half-year report showed significantly lower holdings with Everest Re, as much of its portfolio has gone private.
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Insurance resilience is still lower than prior to the Covid-19 shock, according to Swiss Re’s sigma research.
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The segment’s lustre has been dulled by losses and capital trapping.
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Investors, fund managers and service providers are adapting in the face of potential large losses from secondary perils.
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The deal upsized from an initial $150mn target despite one layer being withdrawn.
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The reinsurer has grown its renewing cat treaty book by 23% year to date.
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The bond in four tranches will offer USAA multi-peril aggregate cover.
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She was previously an investor relations senior manager at Swiss Re.
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The reinsurer said its stop-loss bond required a “partnership” approach to distribution.
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The first-of-its-kind deal blends bank financing with ILS funding.
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The company said it is seeking to “extend the boundaries of insurability” as it can now model over 50% of secondary peril exposure.
