ESG

The firm has folded its former Nimbus weather strategy into the new vehicle.

Quota shares, collateralised re, ILWs and event-linked swaps will also form part of the offer.

Hurricane Ian’s legacy will undoubtedly lead to some shake-ups in the ILS sector, with ongoing progression outside cat and ESG strategies likely to be a focus.

Several structural factors, including the pricing cycle, make insurers more insulated from US activist states. 

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

Yao previously served as senior capital and reinsurance specialist at Suncorp’s Sydney office since joining the company in 2019.

The new fund launched earlier this year to invest in companies that are seeking to reduce their emissions.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

The fund will take a vertical cut of all non-life business written by Latam specialist Ocean Re.

Reinsurers and brokers alike have warned of a rocky 1 January renewal process ahead as the industry grapples with multiple issues including inflation, climate change and geopolitical uncertainty.

Hurricane Ian could present a challenge for ILS fundraising conversations this autumn if ILS firms do not find more financing solutions to manage trapped capital, according to panellists at Trading Risk New York 2022 last week.

With investor fundraising prospects challenged due to macro factors, there are questions over how much US demand growth the ILS market can absorb.