ILS
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The platform distributed ~$50mn to investors for 2023. -
The fund will follow an existing Twelve strategy and add short-term corporate bonds.
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The rise comes as competition has increased for ILS between jurisdictions.
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Chris Parry said the denominator effect remains a suppressant on ILS inflows after a strong phase of returns.
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A diverse investor base is among market characteristics seen as important for growth.
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The firm is focusing on developing specialty offerings.
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Risk partnerships will now report direct to the board through the CFO.
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The Guernsey legacy carrier is working with an independent valuer.
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Managers are hoping strong returns in 2023 will aid capital raising efforts.
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Pockets of new capital will not shift pricing at mid-year.
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