-
Total yield is down from 11.18% in the last week of October 2024. -
Covea’s Hexagon IV Re deal priced 13% below the initial target on a weighted average basis.
-
Total gains for the year reached 7.71%.
-
Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
-
CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
-
O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
-
Central pressure of 900mb or below would trigger a full loss of the $150mn deal.
-
Pricing on Friday implied a potential $45mn loss to the bond, before the storm outlook deteriorated.
-
So far this year, there have been 11 first-time sponsors to place a deal.
-
Competition on price from traditional markets is weighing on bond market momentum.
-
The insurer of last resort’s exposure was $696bn as of last September.
-
The bond will provide protection against US wind with a PCS trigger.
-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle.
-
The cedant’s current deal is due to mature at the end of January 2026.
-
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Investor interest is warming up following a colder spell over the past several years.
-
While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
-
Mory Katz joined the broker earlier this year.
-
The funds will combine credit and ILS holdings.
-
Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
-
The hire is the hedge fund manager’s third ILS appointment in the past year.
-
Key topics include private ILS growth prospects and the longevity of longtail interest.
-
Returns from cat risk investments stood at 20.1% for the year to 30 June 2025.
-
A cat-focused vehicle is “the missing piece” of Hannover Re’s ILS offerings, said Silke Sehm.
-
The allocation is around 3% of the fund’s total assets.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
The alternative asset manager was founded in 2021 with offices in London, New York and Abu Dhabi.
-
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
-
Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
-
Improved performance and growing investment returns played a role in the upgrade.
-
The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
-
Pricing has hit historically soft market lows, based on secondary market pricing.
-
Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
-
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
