-
The vehicle is smaller by 8% as White Mountains’ participation grew. -
The reinsurer is seeking annual aggregate cover against earthquakes and second-event named storms.
-
The sponsor has expanded its target deal size compared with a year ago.
-
The first cat bond deal from the carrier achieved its target size of C$150mn.
-
The reinsurer is seeking index-based cover for a wide scope of perils and territories.
-
The deal is split into two tranches compared with the single note issued last year.
-
-
Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
-
The carrier said reinsurance was a key component of its “low-volatility strategy”.
-
Novelty premiums will likely fade once investors are more comfortable with the risk.
-
The vehicle is yet to recover to 2021 levels of $235mn.
-
In June 2023, Hale Partnership got its license from the Cayman Islands Monetary Authority for HP Re.
