ILS

He worked for eight years at the French firm, where he oversaw the strategic direction of its ILS business.

Rates are still more than 40% ahead of the pre-Hurricane Irma trough in late 2016.

The firm said a process to try to sell the insurer was underway.

ILS managers said that large volumes of new issuances could carry on through the rest of the year.

The deal is more than three times bigger than prior Asagao private cat bond deals.

Just a few months into 2021, the first natural-disaster headlines of the year are already occupying the minds of ILS insurance risk-takers. The snowstorms that brought freezing conditions to Texas will be a challenging event to evaluate for a number of reasons.

Richard Anson previously served as head of ceded reinsurance at Antares and reinsurance manager for Aviva.

This comes after the insurer raised $495.9mn from a Radnor transaction in Q1 2020.

May and June people moves included several former Aon retro executives taking on new roles at challenger broker Lockton Re, longtime Credit Suisse executive Marcel Grandi moving to an advisory role at Twelve Capital, and several underwriting moves in Bermuda.

Across a wide range of different ILS strategies, there are a number of managers that have failed to gain critical mass in the past 5 years.

The underwriter had worked with the ILS firm since 2018.

Jasmine DeSilva will work on strategic initiatives and business development for the ILS services provider.