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The bond will provide protection against Louisiana named storm. -
Fees on the GAM Star cat bond funds will drop in May in a recognition of fee competition in the market.
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The asset manager has hired Rom Aviv as head of ILS.
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The sponsor secured $240mn of limit as the bond upsized by 20% on its initial target.
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The insurance discount margin is now at a similar level to where it was in the final week of March 2022.
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Most of the ILS investments were made via the cat bond heavy High Yield Fund.
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Martin Bisping has moved to CRO and Bernard Bachmann was named CEO of SRILIM.
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Rachel Barnes Binnie joins as portfolio manager.
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Multiples in March were below historic averages from 2001 through 2024.
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LA wildfire-exposed ILS positions experienced further declines.
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Scor is targeting limit of $200mn with its latest Atlas DAC retro cat bond.
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Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
