-
The parametric structure would have paid out at slightly lower storm pressure. -
-
Benefits of ILS smart contracts include transparency and tradeability.
-
Recent modelling predicts a strong probability of direct landfall in Jamaica.
-
The manager’s ILS allocation has grown by 16% since 31 October 2023.
-
-
The latest Kilimanjaro Re, 3264 Re and Gateway Re deals all priced.
-
Cat bond spreads stabilised as maturities brought capital to deploy into the market, after an earlier spike.
-
Grenada and St Vincent and the Grenadines are under the most threat from the storm.
-
The broker estimated ILS capacity reached a record $107bn as cat bond interest surged.
-
The broker said high ILS maturities would boost cat bond issuance though the hurricane season would impact capital availability.
-
The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups.
