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Sources said that the carrier has held preliminary talks with private debt investors. -
Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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Ryan Alternative Capital Re was launched in partnership with Axis Capital.
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The vehicle will be capitalised by an asset manager with more than $100bn in AuM.
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Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
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The capital supported sidecar-style syndicates and reinsurance start-ups.
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The agency noted inflows to cat bond funds and investor interest in private ILS.
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Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
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The global specialty player is also exploring ILS offerings across specialty and cat bonds.
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The CUO has added the role of head of private ILS, joining the executive team.
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The purchase brings Sompo an established ILS platform as part of the deal.
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The ILS play will make the business more capital efficient under new owner Sixth Street.
