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