Credit Suisse Insurance-Linked Strategies
-
The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler. -
The sale is expected to be completed by the end of the year.
-
Diversification in perils and regions can help the market grow.
-
The early redemption of the Credit Suisse bond comes after the bank was acquired by its rival UBS last year.
-
A market-wide loss of $700mn would amount to around 15% of the total amount of life ILS assets under management .
-
The firm has posted a combined ratio of 75.4% for 2022.
-
UBS previously explored setting up an ILS offering, but instead opted to offer other firms’ products.
-
The rival Swiss bank did not have an ILS operation.
-
Baltesar worked for Hiscox Re and ILS before joining Credit Suisse ILS in 2019.
-
The incoming CUO joins from InsurTech MGA Kettle, where he was also CUO.
-
Aeolus must return the held collateral to Credit Suisse.
-
The syndicate won new backers after Credit Suisse ILS significantly scaled down support.
Most Recent
-
GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%
22 November 2024 -
American Coastal targets $100mn of Florida named storm coverage
22 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024