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The Shanghai Insurance Regulatory Commission is ready to try out a cat bond, the director told media outlets. -
Axis Capital has launched the $150mn Northshore Re II cat bond offering a spread of 800-850 basis points.
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The two series of notes run until 1 June 2019.
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A $125mn tranche of Fibonacci Re notes and a $9.27mn tranche of Dodeka XV notes have been listed on the Bermuda Stock Exchange.
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Twelve’s first and only employee in the US Alex Orloff will be returning to his consultancy Sybella Research.
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The association cited the positive response to its handling of over 75,000 Hurricane Harvey claims last year.
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Arch Capital’s ILS assets under management reached $600mn in 2018.
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A $55mn Texas storm event has added to existing losses, sources said.
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This is the second operational cat bond deal, following the $200.8mn Operational Re cat bond issued in 2016.
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The deal provides an unnamed cedant with one-year cover for a Floridian book of business.
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The quake did not trigger a tsunami and local nuclear facilities were unaffected.
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Brown joins the investment bank from Swiss Re Capital Markets.
