Casualty/GL
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The transaction complements its previous acquisition of RMS in 2021. -
Growth was driven by strong returns and new investors entering the market.
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Winning higher-fee private ILS mandates will strengthen firms’ negotiating positions.
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Sidecar vehicles are being tailored to match investors’ objectives.
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The executive explored ILS options as MD of hedge fund Horton Point post financial crisis.
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The moves mark a major step in realising “trillion dollar” casualty ILS potential, according to Ledger Investing CEO Samir Shah.
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ILS investors’ stress over Gibson Re is unlikely to inhibit legacy ILS’s future.
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The firm also posted a 56% increase in fee income.
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The property market remains “one of the most favorable ... I've seen in my career,” the executive said.
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The executive joined in January after a decade at Liberty Mutual.
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The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups.
