AuM data
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FY24 disclosures show shifting fortunes at reinsurer ILS platforms. -
The value of its investment in RenRe stood at $330.4mn as of 30 June 2024.
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PFZW’s insurance allocation stood at $8.7bn as of year-end.
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Fermat stayed in the top spot surpassing $10.0bn for the first time.
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This comes after the firm’s distribution partner GAM has had a challenging few years.
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The manager’s Interval Fund returned 28.25% over the financial year.
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The Bermuda based entity is expected to continue on its “responsible growth trajectory”.
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The UCITS cat bond segment has added 54% in AuM since Hurricane Ian.
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The reinsurer said investors were interested in expanding after benefiting from good results.
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Former ILS investors who left the space have looked again and re-allocated.
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The scheme’s ILS allocation has held steady at 0.7% of the total fund.
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The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
