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The index delivered a total return of 1.29% for the month of December. -
Standards and guidelines address institutional investors’ concerns over valuation risks.
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The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.
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Axis Capital’s fee income from strategic capital partners grew 39% to $85mn in the year to 31 December 2024, up from $61mn the year prior, the firm’s Q4 earnings release said.
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The bond went on watch after Mercury said it would exceed its $150mn retention.
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Company touts growing investor demand for Asian cat risks.
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Non-proportional business accounted for 34% of its total.
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Both the Class A and Class B notes increased in size.
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The latest issuance will add extra cat bond limit, with a $100mn note still on risk.
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Secondary pricing on the carrier’s Topanga Re bond partly recovered following the guidance.
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The platform will transform ILS transactions on behalf of Jireh and SRS clients.
