AuM data
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Despite the Q2 increase, the Everest Re sidecar’s written premium for the first half was down 2% to $155.3mn. -
The 2017 start-up has previously focussed on quota share investing.
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The reinsurer had previously signalled it would grow its net reinsurance portfolio after deploying less third-party capital.
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Fee income – an area of patchy disclosure by reinsurers – was generally stable amongst early reporters.
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The broker said ILS capital had reached $96bn at the end of Q1.
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Cat bond fund managers continue to reap growth as the industry has rebounded from its Covid dip.
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The insurance investment expert joins Jefferies with a brief to develop activity in EMEA’s primary and secondary insurance credit markets.
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Richard Anson previously served as head of ceded reinsurance at Antares and reinsurance manager for Aviva.
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The underwriter had worked with the ILS firm since 2018.
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Executives including AIG CEO Peter Zaffino, Aon CEO Greg Case and Munich Re CEO Joachim Wenning have joined the task force, chaired by Lloyd’s.
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The asset manager has previously invested in ILS via external specialists.
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The fund will limit capacity to $400mn or 1.5% market share, and minimise exposure to secondary risks.
