AuM data
-
The Credit Suisse-managed firms will stop underwriting new business as of 1 January. -
The companies said they will pursue a “controlled exit” as the affiliated ILS manager continues to draw back following a reduction in assets.
-
The Q4 figures represent an increase of 24% since July 2020.
-
The company has expanded its sidecar in recent years but this will allow it to tap into a different investor base.
-
Pessimism around trapped capital is growing, but low reported losses may mitigate the issue.
-
The Zurich-based manager holds the industry's fourth spot after a steeper year-end 2019 drop.
-
The Atropos fund has delivered 6.29% yield and recorded gross inflows of over $140mn since the beginning of 2020.
-
The firm said it planned to focus on new vehicles that would increase permanency of third-party capital.
-
More ILS funds are allocating to retro than in past years, while a third of investors are expecting to increase their allocations slightly.
-
The new paired entity will allow the company to grow its reinsurance business, starting with a deal covering $10bn of annuities.
-
The pullback from incumbent backer Credit Suisse is influenced by concerns over returns against a long-term capital lock-in, as the manager’s AuM has shrunk.
-
The reconstruction of funds backing Syndicate 1856 comes as the vehicle is expected to shift towards being a follow-only writer.
