-
Most ILS firms are marking the Ian loss as a $50bn+ event, although there are exceptions. -
The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian.
-
The company said it expects portfolio positions to reflect the updated figures soon.
-
The bonds had been heavily marked down initially.
-
Over $20mn, the company's reinsurance cover is roughly 40 cents on the dollar, depending on the severity of the storm.
-
The California-based carrier specialises in personal lines cat cover.
-
The reinsurer flagged changes will be made to its retro programme in 2023 after cutting its cat book and as the retro market has hardened.
-
The sector’s performance was better overall compared with September 2017.
-
Transparency and alignment of interests are the keys to expanding casualty ILS.
-
The bond will provide the carrier with five years’ coverage for named storms across the US excluding Florida.
-
FloodSmart Re bonds recovered by a few points in October after initial steep write-downs following Ian.
-
The casualty ILS platform said it now expects to do more secondary transactions.
Most Recent
