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The bond was trading at around 12.3c on the dollar in the secondary market last month. -
There is the potential for cat bond H1 issuance to be a record breaking six months.
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The role will focus on international treaty, specialty lines and strategic advisory.
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Dispersion of returns was high, with the range 0.87% to -3.71%.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.
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The offering is a collaboration with Generali and parametric carrier Descartes.
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The platform will transform ILS transactions on behalf of Jireh and SRS clients.
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The platform will match partner capital to provide capacity for reinsurance placements.
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Two 2021 worldwide aggregate ILW notes are also among the markdowns.
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The ILS and reinsurance broker was established last October by Raj Jadeja.
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Cat bonds were a key supply-side driver at 1 January 2025.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
