Responding to the potential impact of losses from hurricane Milton, the catastrophe bond market has fallen by just 1.34% at the end of week pricing of the index calculated by Swiss Re Capital Markets, while the US wind specific version of the cat bond index fell by only 3.64%.It’s a stark contrast to how the … Read more
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
Hurricane Francine’s losses after its landfall in Louisiana should not anticipated to trigger any losses to per-occurrence disaster bonds, however the losses could also be ample to trigger additional attrition for mixture cat bonds, leading to an extra erosion of the deductibles that sit beneath their attachment factors, in accordance with Twelve Capital.Specialist insurance-linked securities … Read more
Talking throughout a briefing prematurely of the 2024 Monte Carlo Rendez-Vous occasion immediately, executives from Aon’s Reinsurance Options highlighted their expectation that the upper layers of property disaster packages will probably be aggressive on the renewals, with softening of charges anticipated.Aon’s senior reinsurance executives reiterated the messaging we reported earlier, that they’re searching for reinsurers … Read more
