AuM data
-
CEO Jonathan Zaffino said he saw opportunities for expansion in casualty. -
The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
-
The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
-
Strong growth in fee income builds on the favourable rating environment.
-
Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
-
Fee income fell by 42% to $25.1mn in Q3 over the prior-year quarter.
-
The pension scheme has been winding down its ILS portfolio in recent years.
-
The ILS allocation increased in dollar terms and held steady in euros.
-
The class of 2023-24 cat bond funds will grow existing investors and add new ones.
-
The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.
-
The deal freed up capital held against deals written in 2019 and 2020.
-
The ILS industry offered 11 points of merit that justify cat bonds being eligible for UCITS funds.
