ILS funds’ fee income takes a hit in Q3 on lower AuM and Ian losses
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ILS funds’ fee income takes a hit in Q3 on lower AuM and Ian losses

Hurricane Ian money.jpg

Public reinsurer-owned ILS funds all highlighted the impact of cat activity and the shrinking market on fee income in Q3, although sentiment on the forward fundraising prospects was mixed.

Amongst the three US/Bermudian major platforms that disclosed meaningful information in Q3, with London-listed carriers providing only limited nine-month results, Nephila took the steepest decline in fee income.

However,

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