-
The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian. -
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.
-
Hannover Re said that it expected its total gross Ian losses to be slightly below EUR400mn.
-
The carrier also offered assurances on the strength of its reserving to combat inflation.
-
The broker-dealer said it would continue focusing on secondary trading activities.
-
The reinsurer raised $122mn in Q3, including $100mn for PGGM joint venture Vermeer and $22mn in its cat bond fund.
-
The company’s third-party assets dropped $178mn during Q3 to $4.2bn.
-
Early reporters emphasised an ongoing demand for structural change.
-
The outcomes were better than the Swiss Re global cat bond index decline after the major hurricane.
-
The broker is looking to solve the severe capacity crunch for its clients as rising demand meets falling supply.
-
Flagship sidecar funds run by Stone Ridge and Amundi Pioneer lost 12% and 5% respectively last week.
-
The broker said 2022 cat bond issuance was likely to match the record levels of 2021.
