Casualty
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The aim is to launch a casualty ILS product that would enable Saudi investors to access US casualty risk. -
The casualty ILS fund has been on a hiring spree since its $75mn Series B fundraise in June last year.
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The former analyst at Aeolus joins the growing number of ILS experts to join the firm.
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Transparency and alignment of interests are the keys to expanding casualty ILS.
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The casualty ILS platform said it now expects to do more secondary transactions.
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The property reinsurance market may be fast approaching a true ‘hard’ market, the broker said.
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Fontana investors will face a short lock-up period in the sidecar’s ramp-up phase, but thereafter there will be some “embedded liquidity.”
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Some programs had to be restructured as rates hardened and capacity flowed away from cat risk in some cases.
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The firm says it has condensed the securitisation process into weeks rather than months
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After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.
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This came as the insurer said its reinsurance programme was oversubscribed and it expected rate increases to be in a mid single digit range.
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The Floridian has also incurred $23mn of net catastrophe losses in Q4 before tax.
