AuM data
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PFZW’s insurance allocation stood at $8.7bn as of year-end. -
Fermat stayed in the top spot surpassing $10.0bn for the first time.
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This comes after the firm’s distribution partner GAM has had a challenging few years.
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The manager’s Interval Fund returned 28.25% over the financial year.
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The Bermuda based entity is expected to continue on its “responsible growth trajectory”.
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The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
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The reinsurer said investors were interested in expanding after benefiting from good results.
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Former ILS investors who left the space have looked again and re-allocated.
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The scheme’s ILS allocation has held steady at 0.7% of the total fund.
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The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
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CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
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The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
