ILS
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Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios. -
The platform is based in Bermuda and will focus on strategic capital partnerships.
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Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
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Investors want transparency from managers regarding the impacts of climate change.
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Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
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The CEO said private ILS funds can generate additional returns of 10%-20%.
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The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
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Private ILS would benefit from extension spreads to manage investor concerns, the CEO argued.
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The ILS manager also swung to an operating profit after posting a loss in Q1 2024.
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The casualty ILS business now has $175mn in capital.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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The carrier increased its cession by around 13% year over year.
