-
The decade from 2010 ran the full gamut of catastrophe loss experience, reminding us that there is no such thing as a "new normal" in the world of ILS. -
The cover sought is for named storm and earthquake in the US and Canada.
-
Price guidance has moved down 25 basis points to 325-375 bps.
-
It is the reinsurance company’s first entry to the cat bond market.
-
Rates have climbed 20%-35% since 1 January, and 40%-50% year on year, sources estimated.
-
The deal upsized from an initial $150mn target despite one layer being withdrawn.
-
The issuance comes as Axis is set to exit the property reinsurance market.
-
Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.
-
The $100mn earthquake issuance failed to attract investor interest.
-
The Texas insurer originally sought $150mn of cover for named storm and severe thunderstorm.
-
The company also proactively suspended writing new personal residential policies in various counties in Florida, effective June 3.
-
It is also Core Specialty’s first entry to the cat bond market.
Most Recent
