Stone Ridge Asset Management
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The legacy cover will backstop policies written by its North American insurance business. -
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
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The fund was set up in 2015 to capitalise on higher post-event yields.
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Most of the ILS investments were made via the cat bond heavy High Yield Fund.
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ILS investors’ stress over Gibson Re is unlikely to inhibit legacy ILS’s future.
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The deal economics take into account the investment return that Longtail Re can leverage.
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The manager’s ILS allocation has grown by 16% since 31 October 2023.
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The asset manager’s flagship ILS funds posted stellar returns for its 2023 fiscal year.
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The firm’s flagship reinsurance strategy delivered its best performance in its 10-year history.
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The cat bond fund posted returns of around 10.75% for the first six months of Stone Ridge’s financial year.
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The former chairman and CEO of New York Life will support the asset manager in developing strategies that harness longevity pooling.
