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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.
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm.
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The notes replace a 2021 issuance that matured in January this year.
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The ILS segment is not ready to gloss over loss-heavy years in renewal discussions.
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Industry sources estimate the market to be around $3bn.
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Founding partners DeCaro and Rettino will continue to provide oversight and investment advice.