Cat bonds more attractive, a prudent buy for retro: Albertini, Leadenhall

During a period of broad financial market dislocation, the catastrophe bond space continues to exhibit resilience, and in the current operating landscape, the attractiveness of the asset class is enhanced, according to Luca Albertini of Leadenhall Capital Partners LLP. Primary catastrophe bond issuance has rebounded after a halt caused a slower start to the second-quarter…

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FedNat adds aggregate cover to $1.9bn renewal, cites more restrictive terms

U.S. primary insurance carrier group FedNat Holding Company has successfully secured around $1.9 billion of reinsurance protection for its subsidiaries, but cited hardening rates and “more restrictive” terms from markets at the renewals. FedNat has again purchased slightly more protection, taking its catastrophe excess of loss reinsurance coverage up to $1.9 billion, with single events…

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