-
The four-year deal is split across three tranches of notes. -
The latest issuance offers a spread range of 650-700bps.
-
The final price fell 14% from the initial midpoint price offered by the sponsor.
-
The firm has helped underwriting businesses secure $3.5bn in capital.
-
Artex said the solution should allow for the expansion of services in the Middle East and Africa.
-
The NFIP’s traditional reinsurance coverage kicks in at $7bn of losses.
-
The loss tally is considerably lower than estimates issued by model vendors.
-
Insured losses for 9M 2024 have hit $102bn, according to a report.
-
Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
-
-
The carrier’s estimated pre-tax losses from Milton are $65mn to $110mn.
-
The cyclone pool received $479mn in GWP in the year to 30 June 2024.
