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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge. -
Parts of the Yucatan peninsula are under a hurricane warning, though the storm is expected to remain offshore.
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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Richard Pennay will become CEO of Aon Securities.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The strategy invests in subordinated bonds issued by European insurers.
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The storm made landfall as a major hurricane in Florida’s Big Bend region.
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Only three storms have impacted a larger area than Helene since 1998.
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The cat bond application process will be streamlined to 10 working days.
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The ILS manager expects “minimal, if any, losses” to bonds in its funds.
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Maya Henry will be tasked with raising capital and managing clients in North America.
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The ETF format provides for publication of a daily NAV.
