ILS
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In the US, pricing fell by 6.2% at the major renewal. -
The manager’s Interval Fund returned 28.25% over the financial year.
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Nicole Chase was central to the build-out of Mt Logan while at Everest.
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The broker anticipates strengthening investor demand for collateralised re.
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Investment in the space comes mainly from the cat bond market, Gallagher Re said.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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The broker estimated ILS capital has reached $107bn.
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The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The $600mn fund could allocate up to 10% of assets to cat bonds from 2025.
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Initial spread guidance for the three-year bond is set at 425-500bps.
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The firm will also act as sub-adviser to the Brookmont ETF cat bond fund.
