ILS
-
The new funds raised at 1 January are dedicated to its retro-focused Upsilon fund and its Medici cat bond strategy.
-
The investment comes as the Indiana Public Retirement System exited Nephila’s Palmetto fund in pursuit of a more diversified ILS strategy.
-
The figures reflect expectations that sponsors will return to the ILS market to seek cover as rates stabilise.
-
The cat bond could help lower barriers to collateralised participation in primary business, says the ratings agency. -
Fema deputy administrator for resilience Daniel Kaniewski said it could be argued the agency created a “moral hazard.”
-
The insured loss total is more than one third down on the 2018 tally of $80bn.
-
Ali will take charge of Hamilton’s future cat bond placements, having been involved in the recent renewal of its sidecar Turing Re.
-
Losses arise from four events plus reserve re-estimates.
-
Modest gains follow a broadly flat European cat treaty market for 1 January.
-
The Paris-based carrier has a history of using innovative capital tools to manage risks to the company’s balance sheet.
-
Ross will start immediately at the Bermuda-based Credit Suisse affiliate.
-
The product is the first non-US cat bond issued in the past nine months.
Related
-
SageSure places inaugural $50mn Seawall Re retro sidecar
July 29, 2025 -
PCS cuts its Hurricane Milton loss estimate to $17.1bn
June 05, 2025 -
The Fidelis Partnership takes Arch’s Wells as COO
April 10, 2025