Start-ups
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The firm will support administration of casualty ILS and other data-rich transactions. -
The European ETF launch has benefited from the performance of the Brookmont US cat bond ETF.
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Demand for top layer coverage may also need to be supported by underlying market growth.
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Hole will spearhead the launch of the underwriting and analytics platform.
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The ILS start-up was founded in January by Hanni Ali and Peter Dunlop.
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The syndicate is expected to write ~$300mn of business in 2026.
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The tech firm is building a joint stock company with insurers and investors.
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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’.
