Tangency Capital
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The independent manager’s post-Ian growth has helped it more than double from prior estimated assets under management.
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Ambassador was set up in 2021 with Embassy Asset Management the named investment adviser.
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The project which began last year in Zurich has now expanded to a group standing for $29bn of ILS assets under management globally.
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The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian.
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The 2017 start-up has previously focussed on quota share investing.
Most Recent
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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 -
Zenkyoren secures $150mn of Japanese quake coverage
17 April 2024