ILS
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Management track record has been a factor in capital raising for 2025. -
Robert Salzmann has been with the Swiss Re insurer for a decade.
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The firm is understood to be reviewing contracts to bind coverage for 1 January.
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Losses from Hurricane Milton are expected to affect only select junior structures.
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The fund will invest in listed and private transactions.
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Moderate impacts to ILS returns are anticipated from Hurricane Milton.
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The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
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Shareholders are voting to approve being wound up on 18 December.
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Strong growth in fee income builds on the favourable rating environment.
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The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June.
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The fund will be denominated in US dollars and digital currencies.
