ILS

Bolding will focus on aligning Gallagher Securities with Gallagher Re.

The group ceded 55% more premium to Nephila over the year at $1.3bn.

The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.

Derrick Easton has led Willis’s US ART team since joining the company in 2015.

Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.

Capital inflows, notably into UCITS funds, and accumulated returns supported issuance of $17.2bn in 2024.

The offering is a collaboration with Generali and parametric carrier Descartes.

Peril- and geography-specific deals are being well received by investors.

A negative January return will be unprecedented for ILS industry.

The index delivered a total return of 1.29% for the month of December.

Axis Capital’s fee income from strategic capital partners grew 39% to $85mn in the year to 31 December 2024, up from $61mn the year prior, the firm’s Q4 earnings release said.

The bond went on watch after Mercury said it would exceed its $150mn retention.