-
The ILS play will make the business more capital efficient under new owner Sixth Street.
-
Hagood will stay on as sole CEO of Nephila Holdings, with Taylor continuing as president.
-
The group claims the White House is undermining disaster preparedness.
-
Benjamin Baltesar spent more than six years at Euler ILS.
-
The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
-
The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
-
This is the latest in a string of appointments made by the firm’s ILS unit.
-
The Bermudian firm has an active ILS division, unlike the Japanese conglomerate’s insurance divisions.
-
ILS accounted for 2.5% of the pension fund’s total AuM.
-
Aaron Garcia will hold a senior role at the operation, sources have confirmed.
-
Reinsurers are confident on cat rates and ready to deploy ILS capital.
-
The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.