Reinsurer managers
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The ILS expert had joined as a portfolio manager in 2018 from Ontario Teachers’ Pension Plan.
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Reinsurer-owned ILS platforms were challenged to grow fee income in a tough year for nat cat losses and as cat market economics shifted.
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Should reinsurers retain the option of playing in ILS, or take a ‘go hard or go home’ approach?
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The capital commitments to the vehicle have expired.
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The new firm has registered Jireh Re (SAC), an unrestricted special purpose insurer, with the Bermuda Monetary Authority.
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Some firms have fared better than others in the competition to raise funds during the year.
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The Bermuda sidecar took losses of $21.1mn from the reinsurer during the quarter.
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Jacquet previously served for five years at Credit Suisse ILS.
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This is the second year the insurer has bought a fiscal-year aggregate.
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The former Bernina Re underwriter will remain in Bermuda.