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Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios. -
The platform is based in Bermuda and will focus on strategic capital partnerships.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The ILS manager also swung to an operating profit after posting a loss in Q1 2024.
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There’s not much supply in that marketplace, Papadopoulo said.
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The carrier is offering shares priced at $29-$31.
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The firm’s assets under management were down $300mn in Q1 as performance fee income was hit.
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This year’s ceremony will include the inaugural Women in ILS Award presentation.
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January’s California wildfires meant third-party investors suffered a loss of $195.3mn.
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The carrier increased its cession by around 13% year over year.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
