Sanders Re II cat bond to close at $300mn after dropping lower-risk layer Allstate was targeting $350mn from the US multi-peril bond, however a projected $50mn layer of Class A notes will no longer be issued.
March cat bonds bring more first-time tests As the first quarter drew to a close, cat bond sponsors continued to test the market’s appetite for new deals.
Panel: cat bonds a primary focus but growth potential a hurdle Cat bonds are becoming a “primary area of focus” for investors after faring well amid two years of catastrophe losses, AlphaCat CEO Lixin Zeng said at this year’s Sifma IRLS conference in Miami.
Storm Eberhard causes EUR600mn in insured losses The storm, which raced across Germany yesterday, had wind speeds of more than 100km/h.
Bowline Re cat bond settles at $250mn TransRe is paying investors a higher multiple relative to its first cat bond deal issued in 2018.
