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Cat bond investors have earned a cumulative 39.6% over 2023 and 2024. -
The vehicle is yet to recover to 2021 levels of $235mn.
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The broker anticipates strengthening investor demand for collateralised re.
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The Bermuda based entity is expected to continue on its “responsible growth trajectory”.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The firm will also act as sub-adviser to the Brookmont ETF cat bond fund.
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Everest is in the process of transforming its ILS offering.
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The firm said it benefited from favourable retro market conditions.
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Former ILS investors who left the space have looked again and re-allocated.
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The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
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CEO Jonathan Zaffino said he saw opportunities for expansion in casualty.
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The firm is understood to be reviewing contracts to bind coverage for 1 January.
