Catastrophe bonds
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Managers are hoping strong returns in 2023 will aid capital raising efforts.
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Pockets of new capital will not shift pricing at mid-year..
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The state carrier is moving to redeem its 2022 Everglades issuance a year early.
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The carrier is seeking to raise $100mn of coverage.
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Some $415mn of capacity entered the market last year.
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The bond will provide protection against Japanese flood and quake events.
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Sabine Re marks Allied Trust’s entry to the market.
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Exposure updates played a greater role than expected.
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The cover will include the 50 US states, District of Columbia and Canada.
Most Recent
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Hannover Re cuts ceded losses 72% to EUR349mn in 2023
18 March 2024 -
Heritage updates targeted spreads on Citrus Re bond
18 March 2024