AuM data
-
The UCITS cat bond segment has added 54% in AuM since Hurricane Ian. -
The reinsurer said investors were interested in expanding after benefiting from good results.
-
Former ILS investors who left the space have looked again and re-allocated.
-
The scheme’s ILS allocation has held steady at 0.7% of the total fund.
-
The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
-
CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
-
The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
-
The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
-
Strong growth in fee income builds on the favourable rating environment.
-
Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
-
Fee income fell by 42% to $25.1mn in Q3 over the prior-year quarter.
-
The pension scheme has been winding down its ILS portfolio in recent years.
