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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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The Canadian pension plan put its Lloyd’s portfolio under review earlier this year.
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The raise includes minority investments from Nationwide, Enstar and others.
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Richard Pennay will become CEO of Aon Securities.
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The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The strategy invests in subordinated bonds issued by European insurers.
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The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.
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The performance marked the best August for ILS since the index incepted in 2006.
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Paul Bantick will continue to oversee the cyber risks division during the search for his successor.
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The manager is hopeful of closing all contracts by the end of 2024.