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Fees on the GAM Star cat bond funds will drop in May in a recognition of fee competition in the market.
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The asset manager has hired Rom Aviv as head of ILS.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The sponsor secured $240mn of limit as the bond upsized by 20% on its initial target.
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The insurance discount margin is now at a similar level to where it was in the final week of March 2022.
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Martin Bisping has moved to CRO and Bernard Bachmann was named CEO of SRILIM.
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The firm announced CEO Trevor Carvey will retire and is returning to the UK from Bermuda.
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Many UK pension funds are over-funded and lack appetite for higher-risk, higher-yield products.
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Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The deal is 45% larger than 2024’s issuance after attracting a “greater number of investors”.
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The acquisition expands its global employee benefits business to ~4,000 global employees.