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The carrier is the largest writer of homeowners’ multi-peril in the state. -
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
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The ILS and reinsurance broker was established last October by Raj Jadeja.
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Amin Touahri spent five years in a variety of roles at Munich Re.
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Aetna, Inigo and GeoVera were the three sponsors seeking lower multiples.
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The index’s performance in November was stronger than the prior year, although YTD returns are behind 2023.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The number of structures damaged may put the event on par with the fires of 2017 and 2018.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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Plenum said impact is marginal because wildfire contributes only marginally to the risk of bonds.
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The ILS manager analysed 16 UCITS fund portfolios to compare risk levels.
