Fermat Capital Management
-
-
Of the 18 top-tier ILS managers, 10 recorded growth, while eight were flat or down.
-
Fermat managing director Nelson Seo has forecast that continued high demand could push ILS issuance volumes even higher in 2024.
-
The cat bond market has benefited from hardening rates and more remote structures.
-
The acquisition gives UK asset manager Liontrust a broader European footprint and cat bond products.
-
Reinsurers congregating in Bermuda flagged a lack of interest in helping under-capitalised Floridian insurers and under-priced diversifiers, with positive implications for ILS participation.
-
The ILS manager said the cat bond sector could double to become a $70bn market in the next three to five years.
-
The headline market drop in AuM belies a more lively growth story for funds operating outside of the ILS major league.
-
The two ILS firms were among those participating in a $20mn fundraise for Elpha Secure Technology.
-
The figures include funds managed by ILS manager Fermat Capital Management.
-
The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
-
The firm, which markets Fermat-managed ILS funds, did not specify the size of the new investor commitment.
Most Recent
-
Louisiana Citizens bond Bayou Re upsizes 83% to $275mn
19 April 2024 -
Allstate pegs March pre-tax cat losses at $328mn
18 April 2024 -
PFZW’s ILS allocation drops 9% in Q1 to $8.3bn
18 April 2024