Investment manager Amundi US has continued to attract capital to its most recently launched dedicated insurance-linked securities (ILS) fund strategy, as the Pioneer CAT Bond Fund has now reached $426 million in assets, now roughly tripling in size over the course of 2024 so far.This success in raising capital for the investment manager’s first dedicated … Read more
Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more
Prologis, Inc., the logistics, warehousing and supply-chain focused real estate owner and investor, is back in the catastrophe bond market for the second time, looking to sponsor a $95 million Logistics Re Ltd. (Series 2024-1) US earthquake focused issuance, as a renewal of its first cat bond.Prologis ventured into the catastrophe bond market for the … Read more
New sponsors ought to proceed to come back to the disaster bond and insurance-linked securities (ILS) market by the rest of 2024 and into 2025, whereas inflows of different capital are anticipated to proceed, in response to Man Carpenter’s CEO of EMEA and World Capital Options, Laurent Rousseau.Talking this afternoon throughout a Man Carpenter briefing … Read more
Disaster bond maturities are a major supply of liquidity and money for the market, which is usually reinvested into new cat bond points and as such the schedule of upcoming cat bond maturities is a key indicator for sponsors and broker-dealers, in addition to cat bond funding fund managers.To assist our readers perceive what’s coming, … Read more
