-
The coverage will be annual aggregate with an index trigger for wind and quake. -
First event tower for the Northeast exhausts at $1.1bn, at $1.3bn for Southeast and $750mn in Hawaii.
-
Overall economic losses hit $45bn in the first quarter of 2024.
-
Various trends may work together to hold the cat markets up for longer than some had feared.
-
The pricing fell 13.7% on the Class A notes and 6.5% on the Class B notes.
-
The carrier has completed its 2024-25 reinsurance renewal.
-
ILS could benefit from focusing on the social aspect of ESG.
-
State interference is likely to be required if an attack is large enough to trigger bonds now on the market, experts say.
-
Diversification in perils and regions can help the market grow.
-
The parametric bond provides coverage for named storms.
-
Its Class 13 and 14 notes priced roughly at the midpoint of expectations.
-
Panellists at the Insurance Insider ILS conference say forecasts can push capital to “the edges” of the market.
