-
Its $725mn estimated losses equated to 10% of shareholders’ equity and came in ahead of its Q3 2017 losses of $617mn. -
A Schroders report cites diversification as a key driver of investor appetite.
-
-
The issuance was the fourth for the Marsh platform this year.
-
Some of the insurer’s bonds were among those modestly marked down after Ida.
-
The sponsor’s past two bonds were both upsized from initial guidance.
-
The storm is forecast to strengthen to near major hurricane strength before landfall but is currently clear of trigger levels on a cat bond protecting the country.
-
The offering is the latest in a developing wildfire reinsurance marketplace.
-
Aon emerged as the structuring agent for the first Hong Kong based ILS issuance.
-
While the cat bond market has avoided losses this year, any move to sell up cat bonds could act as a counterweight on spreads in the run-up to January renewals.
-
The ILS transaction was the reinsurer’s second after Panda Re.
-
The consultant recommended the pension fund allocate $95mn to Pillar in 2022 after pulling a $41mn mandate from Nephila.
Most Recent
