-
The ILS Advisers Fund Index reported a profit of 1.11% in June.
-
Markel announced the sale of its global reinsurance renewal rights to Nationwide.
-
Amid $17bn of new deals, cat bond activity included aggregate and cascading structures.
-
The bond will provide protection on an industry-loss basis, as reported by PCS.
-
The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
-
Brian Hickey joins the firm from PE specialist AE Industrial Partners.
-
The reinsurer returned $216.7mn to investors in Q2.
-
The firm reported a net pre-tax cat loss of $414mn from January’s LA wildfires.
-
Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
-
Cat bonds remain attractive for investors seeking risk-adjusted return and diversification.
-
He had spent 10 years at Securis, with seven of them as COO.
-
The fund was renamed from the Pioneer Cat Bond Fund.