-
Only three storms have impacted a larger area than Helene since 1998. -
The cat bond application process will be streamlined to 10 working days.
-
The ILS manager expects “minimal, if any, losses” to bonds in its funds.
-
Maya Henry will be tasked with raising capital and managing clients in North America.
-
The ETF format provides for publication of a daily NAV.
-
The deal is offering a multiple of 11.3x on the expected loss.
-
The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
-
The bond offers a multiple of 11.3x based on a modelled expected loss of 0.93%.
-
Brokers expect strong competition at remote risk layers at the 1 January renewal.
-
A strong forward pipeline will require fast work by ILS investment houses.
-
The sponsor has kept $25mn of principal in extension for any further loss development.
-
The ILS industry offered 11 points of merit that justify cat bonds being eligible for UCITS funds.
