ILS

Marsh McLennan’s Bermuda platform issued $68.3mn in private deals last year.

Sources say investor capacity may be returning to the market, but hurricane season could “make or break” the market.

The group, comprising Credit Suisse ILS, LGT ILS, Plenum, Schroders, Solidum and Twelve, are engaging with brokers to establish a standardised reporting framework for cedants.

Pricing has settled at the top end of the reinsurer’s original guidance.

His move follows other turnover among ILS consultants last year.

The agency said casualty risk was attractive to investors for its low-to-moderate correlation.

Investors, fund managers and service providers are adapting in the face of potential large losses from secondary perils.

Beyond pandemic exclusions, there has been a mixed response to changing ILS terms after the trapping issues.

The decade from 2010 ran the full gamut of catastrophe loss experience, reminding us that there is no such thing as a "new normal" in the world of ILS.

John Duda joins from Markel, where he led the retro portfolio management team and was instrumental in the launch of Markel’s ILS fund, Lodgepine Capital Management.

The asset manager also invests in Pimco ILS and has an inactive mandate with Nephila.

Partial owner White Mountains said conditions for ILS investing are “attractive”.