VP Bank stays neutral on cat bonds, notes quiet hurricane season and hedging costs
Despite the fact premia has reduced in the catastrophe bond market, private bank and asset manager VP Bank AG maintains a neutral weighting on insurance-linked securities noting that the Atlantic hurricane season is currently running its course loss free, although also highlighting the expensive cost of currency hedging. VP Bank has remained positive on the […]
VKB returns seeking lower-attaching renewal of King Max Re German multi-peril cat bond
Versicherungskammer Bayern Versicherungsanstalt des oeffentlichen Rechts’ (VKB), the German domestic market insurance group, is back in the catastrophe bond market looking to renew coverage from its soon to mature debut deal, by sponsoring a currently €175 million King Max Re II DAC (Series 2026-1) German multi-peril transaction, we have learned. VKB sponsored its debut cat […]