-
The fund also grew its net assets by 15% to about $142mn.
-
The start-up will run three auctions on Tuesday ahead of Hurricane Sally reaching the US coast.
-
Total equity and debt raised this year if the $300mn target is reached would approach $1.5bn.
-
ILWs at the $10bn mark failed to clear, as auction participants suggested losses would not reach the trigger.
-
Buyers and sellers are eyeing a 20% RoL, but contracts have yet to trade.
-
Buyers are looking to protect against a mid-sized loss, although trades are not believed to have taken place yet.
-
The $3.9mn claim followed an August revision to the PCS Irma loss estimate.
-
The hedge fund has asked that a US court order Catco to apply a loss estimate from PCS, rather than an allegedly “inaccurate” one from Munich Re NatCat.
-
The climate and insurance entrepreneur is considering relaunching catastrophe exchange-traded products.
-
The Bermudian ILS manager closed some months ago.
-
Trading was brought forward this year and more cedants could head to bond market.
-
ILW volumes could grow by more than 25 percent in 2020 as reinsurers seek alternatives to indemnity retro cover, sources said.