Start-ups
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The tech firm is building a joint stock company with insurers and investors. -
The reinsurer’s capacity is hugely important to ILS firms, with few alternative providers.
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The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The Bermuda-based team is led by John Fletcher.
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The platform’s aim is to support the ILS industry in ‘getting the marks right’.
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The platform is based in Bermuda and will focus on strategic capital partnerships.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The business offers parametric windstorm coverage.
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GP Affluent Markets will look to serve high-net-worth individuals.
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The platform will transform ILS transactions on behalf of Jireh and SRS clients.
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Prominent Name Dhruv Patel is the firm’s founder.
