-
Sanders Re cat bond coverage attaches higher than last year at $5.46bn. -
The rise in ceded reinsurance premiums written impacted net premiums written.
-
The Class D notes offer a spread of 1200bps with a multiple of 2.9x.
-
Operating revenue at the ILS manager climbed 49% to $19.2mn.
-
The firm’s AuM was down 17% on $1.8bn as of 31 December.
-
The firm said it expects Capital Partners to continue to grow.
-
The pair join from Validus Re and Axa XL.
-
Performance fees soared by 605% to $27.5mn from $3.9mn in Q1 2023.
-
Vincent Pomo spent more than 11 years at Everest Re in a variety of roles.
-
The firm expects pricing and terms and conditions to hold.
-
California is the initial covered area but, following a reset, all US states will be covered.
-
The firm’s ILS unit expanded fee income by 10% over Q1 2023.
