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Allianz Risk Transfer (ART) has closed a second private cat bond covering weather at $14.5mn
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Validus Re's first cat bond has priced significantly below the initial marketed target range despite the recent HIMM losses
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Validus Re's first cat bond has increased by 23 percent to reach $400mn, up from an original target size of $325mn, according to Trading Risk sources.
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The Caelus Re 2017-1 class C layer is pricing down following the latest series of wildfires in California, Trading Risk can reveal.
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Florida's state-backed carrier Citizens has planned for an 8 percent rise in its private risk-transfer costs in 2018, following this year's global catastrophe losses.
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Covea Group's EUR90.0mn ($106.8mn) maiden Hexagon Re cat bond has settled below the lower end of the initial price target range, according to sources
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CoreLogic has estimated that reconstructing the 13,526 homes at risk of damage by the southern California wildfires would cost more than $5bn
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Pricing on Covea Group's EUR 90mn ($106.8mn) Hexagon Re cat bond has dropped amid strong investor demand, according to Trading Risk sources.
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Losses from the wildfires that are currently raging across southern California are expected to be substantial, Aon Benfield has said in its latest Impact Forecasting report.
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A total of 21 cat bond deals have been impacted by Hurricanes Harvey, Irma and Maria with combined writedowns of $913mn, Lane Financial has said in its latest report.
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European traders of catastrophe bonds will be required to report transactions under the updated Markets in Financial Instruments Directive (Mifid II), which comes into effect on 3 January
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This year has set a new record for cat bond issuances, with volumes topping $10bn - and the trend is expected to continue into 2018, Trading Risk sources have said
