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The bond will cover China, India and Japan quake and Japan typhoon.
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The bond will provide protection against German and Japan quake.
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Secondary market traders are baking in further loss potential after PCS increased its wildfire and Helene loss estimates.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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The carrier increased its cession by around 13% year over year.
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Franklin Templeton’s allocations to ILS are managed by fund of funds manager K2 Advisors.
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An allocation to insurance could “feel like a nice, calm port in the storm” amid wider market volatility.
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The industry loss data provider also increased its estimate for Hurricane Helene to $15.3bn.
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The program will provide excess casualty coverage across a broad range of industries.
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He joined what was then Credit Suisse ILS in 2019, moving from Hiscox Re & ILS.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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This is the first time the Texas Fair Plan has entered the cat bond market.