RenaissanceRe seeks $250m Mona Lisa Re 2025-1 cat bond for itself and DaVinci – Go Health Pro

RenaissanceRe seeks 0m Mona Lisa Re 2025-1 cat bond for itself and DaVinci – Go Health Pro

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has returned to the catastrophe bond market seeking $250 million or more in multi-peril retrocessional from a Mona Lisa Re Ltd. (Series 2025-1) issuance, to cover risks in its own portfolio and that of its flagship partner capital vehicle DaVinci Re.This will be the sixth … Read more

Allstate targets $350m multi-peril reinsurance with Sanders Re II 2024-3 cat bond – Go Health Pro

Allstate targets 0m multi-peril reinsurance with Sanders Re II 2024-3 cat bond – Go Health Pro

US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the capital markets through a Sanders Re II Ltd. (Series 2024-3) issuance, Artemis can report.For Allstate, this new catastrophe bond will be the twentieth in the Sanders Re series of deals and … Read more

China borrows almost as cheaply as US in return to dollar bond market – Go Health Pro

China borrows almost as cheaply as US in return to dollar bond market – Go Health Pro

Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy $2bn … Read more

CrowdStrike highlighted cyber cat bond uncertainty, AM Best says. What about the tail? – Go Health Pro

CrowdStrike highlighted cyber cat bond uncertainty, AM Best says. What about the tail? – Go Health Pro

The global IT outage caused by a defective software update from CrowdStrike has highlighted the “persistent uncertainty” in the cyber catastrophe bond and insurance-linked securities (ILS) asset class, rating agency AM Best said, also highlighting that there is uncertainty surrounding the tail and potential for loss development, which it seems is misunderstood.On CrowdSrike, AM Best … Read more

Jordan Strah becomes cat bond fund PM at Franklin Templeton – Go Health Pro

Jordan Strah becomes cat bond fund PM at Franklin Templeton – Go Health Pro

Jordan Strah has taken on the position of Portfolio Manager for the catastrophe bond funds and other insurance-linked securities (ILS) strategies at Franklin Templeton Investment Solutions.Strah joined K2 Advisors, the hedge fund focused unit of Franklin Templeton, back in 2022 working as a Research Analyst and Portfolio Manager within the team that looked after the … Read more

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