-
DeCaro is one of the cohort of pioneering ILS managers. -
The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
-
The bond will provide named storm coverage on a county-weighted industry-loss basis.
-
The bond’s pricing for southern US storms landed at the upper bound of guidance.
-
The bond is offering investors a midpoint multiple of 5.5x.
-
The bond is seeking coverage for any named storm or earthquake event.
-
Cat bond deals placed last week amounted to $150mn of issuance.
-
The bond is seeking coverage for named storm, severe thunderstorm and winter storm.
-
The proposal now goes to the Florida Office of Insurance Regulation for review.
-
The deal was offering spread guidance of 525-600 bps with a mid-point multiple of 7.8x.
-
The deal is offering a multiplier of 6.6x on the expected loss.
-
A degree of pricing volatility was evident in the market this week.
