-
The new pricing gives a 7.8x multiple of the bond’s 1.57% modelled expected loss. -
The bond is seeking coverage for any named storm or severe thunderstorm in Texas.
-
The bond is seeking earthquake coverage in California on an indemnity, annual aggregate basis.
-
The InsurTech has moved its pricing for the instrument to the top of its initial range.
-
The unusual feature was proposed at a time when cat bond market capacity was very constrained.
-
The multi-peril bond will cover all 50 US states and the District of Columbia.
-
Cat bond pricing has fallen by about 12% since year-end but margins are still strong enough that the market could be set for meaningful growth, the broker forecast.
-
The Japanese mutual has reduced its cat bond coverage since a high point in 2021.
-
The Aaa-rated instruments offer annual guaranteed redemptions and market-value daily liquidity.
-
The new higher-rate world brings the threat of some investors staying in a risk-off mentality.
-
Tremor’s marketplace technology Panorama has supported placement of reinsurance treaties of $25mn to $750mn.
-
The cat bond priced at 9.5%, 22% lower than the midpoint of the initially guided range of 11.75%-12.5%.
Most Recent
