Credit Suisse pension fund puts run-off cost of Humboldt at CHF20mn-CHF25mn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Credit Suisse pension fund puts run-off cost of Humboldt at CHF20mn-CHF25mn

Fiona Robertson
05 July 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
credit-suisse-logo-zurich.jpg

Credit Suisse’s pension fund has said it expects to incur CHF20mn-CHF25mn ($22mn-$27mn) of operating costs from ILS-backed reinsurer Humboldt Re in its first year of run-off, as it seeks to sell the reinsurer “en bloc”.

The decision to put the carrier into run-off last year, along with another fronting vehicle Kelvin Re that was backed by the Abu Dhabi Investment Council, followed the pension fund’s decision to “restructure” total volume of CHF357mn of insurance-linked...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCredit Suisse Insurance-Linked StrategiesILS funds
fiona robertson 2024 ii ils 2.png
Fiona Robertson
Editor-in-Chief
Contact
Gift this article