-
The new cat bond will add to $450mn worth of existing cover protecting the reinsurer. -
This is the InsurTech’s first sally into the cat bond market.
-
The deal will add to $480mn in prior Bonanza Re cover for American Strategic Insurance.
-
Catastrophe reinsurers are already off to a messy start for the year and may have eroded a significant part of their year-to-date Q1 cat budgets as floods are still unfolding in Australia following recent European/UK windstorms.
-
The cat bond provides a mix of per occurrence and annual aggregate cover.
-
The first month of the year was quiet for natural catastrophe events.
-
The cat bond is on behalf of Lloyd’s Syndicate 1301 and is Inigo’s first entry to the market.
-
Pool Re offers protection against terrorism in England.
-
The company is focusing on non-catastrophe offerings, such as P&C.
-
The Bermuda transformer placed a total of $402.2mn of cover last year.
-
The deal would bring the North Carolina residual insurer’s total ILS coverage to $650mn.
-
There were 220 trades in the secondary market in Q4, as aggregate and Florida bonds were less liquid.
Most Recent
