Capital markets
-
The raise includes minority investments from Nationwide, Enstar and others. -
The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
-
Only three storms have impacted a larger area than Helene since 1998.
-
The ILS manager expects “minimal, if any, losses” to bonds in its funds.
-
Katarina Scamborova has been appointed president of the new vehicle.
-
A strong forward pipeline will require fast work by ILS investment houses.
-
The sponsor has kept $25mn of principal in extension for any further loss development.
-
-
The firm’s deals so far have covered cat risk, with space ILS in scope for the future.
-
Growth was driven by strong returns and new investors entering the market.
-
The ILW specialist is believed to be exploring new opportunities.
-
The timing is “opportune” to start the strategy according to Bennelong.
Most Recent
-
Volante looking for capital partners as OTPP scales back
04 October 2024 -
Hamilton Re head of ILS Ali to leave firm
04 October 2024 -
Aon names Schultz global vice chair of reinsurance solutions
03 October 2024 -
Artex Risk Solutions acquires Risk International
03 October 2024 -
Helene severity likely amplified by climate change: GC
02 October 2024