Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Perez: $100mn entry point for new funds

11 November 2011

Competitive and economic constraints have pushed the minimum entry size for an ILS fund to $100mn, according to fund services provider Horseshoe.

When asked whether the cat fund universe was shrinking to a small number of influential "mega-funds", Horseshoe founder and CEO Andre Perez said that "anything under $100mn was difficult to justify".

Speaking at the Trading Risk annual gathering in New York last month, he added that some funds will have restricted mandates, like an industry loss warranty-only venture...

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