Specialty risks
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The mortgage insurer last closed a similar deal more than two years ago.
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The £50mn syndicate made most of its profits in aviation.
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Cedants are grappling with rising rates while coverage narrows.
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CEO Rob Berkley said the company would likely participate in the space for one to three years if rates remain favorable.
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Envelop anticipates that cyber ILS could hit $100mn of GWP within four years
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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The company hired Ambac’s Scott Snyder as president of fronted programs.
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The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year.
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The ILS vehicle has support from four key providers and will be launched alongside a broader offering including K&R, fine art and other specialty risks.
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The asset manager’s survey finds increased investor appetite for opportunistic debt and equities, and private assets.
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The European (re)insurance supervisor said correlation to financial market risk made the idea a challenging one while reinsurance appetite is also very limited.
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