ILS
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The firm said this was due to planned returns of capital to ongoing investors.
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Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
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O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
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Investor interest is warming up following a colder spell over the past several years.
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While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
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ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
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Mory Katz joined the broker earlier this year.
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The funds will combine credit and ILS holdings.
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Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
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The allocation is around 3% of the fund’s total assets.
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Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
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Improved performance and growing investment returns played a role in the upgrade.