Credit Suisse pension fund puts run-off cost of Humboldt at CHF20mn-CHF25mn
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Credit Suisse pension fund puts run-off cost of Humboldt at CHF20mn-CHF25mn

Fiona Robertson
05 July 2021
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Credit Suisse’s pension fund has said it expects to incur CHF20mn-CHF25mn ($22mn-$27mn) of operating costs from ILS-backed reinsurer Humboldt Re in its first year of run-off, as it seeks to sell the reinsurer “en bloc”.

The decision to put the carrier into run-off last year, along with another fronting vehicle Kelvin Re that was backed by the Abu Dhabi Investment Council, followed the pension fund’s decision to “restructure” total volume of CHF357mn of insurance-linked...

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NewsCredit Suisse Insurance-Linked StrategiesILS managers
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Fiona Robertson
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