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The combined entity ranks third in the Insurance Insider ILS leaderboard. -
The carrier is “extremely well capitalised” to achieve its strategic ambitions.
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The company will ‘aggressively pursue subrogation’ for the Eaton Fire.
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Liquid alternative strategies accounted for around $1.4bn of the total.
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The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.
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The LA-based firm estimated gross cat losses in the range of $1.6bn-$2bn.
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The role at PCS included acting as primary touchpoint for ILS.
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The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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The departures include North American Arcas head Alex Orloff.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.
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The bond is likely replacing the 2021-1 Class F bond, which matured in December.
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AuM remains generally flat at UCITS funds over the weeks since LA fires started.
