Allstate's Sanders Re 2018-1 cat bond has expanded by 25 percent to $500mn, as pricing dropped to 550 basis points, the lower boundary of the initial guidance range.
Lloyd's chief financial officer John Parry has said there had been "strong interest" from the ILS market in insuring the Lloyd's Central Fund, in comments made to the press after Lloyd's published its annual results.
High initial loss estimates put out for Hurricane Maria by AIR Worldwide helped to fuel ILS fundraising that brought in more capital than would have otherwise entered the market, said panellists at an event hosted by sister publication The Insurance Insider last week.
The cap on the Earthquake Commission (EQC)'s residential building cover has been increased by NZ$50,000 (US$36,000), New Zealand officials announced on Tuesday.
