Icosa Investments
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The fund was set up 18 months ago by cat bond investor Florian Steiger. -
The cat bond manager warned of excess downside risk owing to an accumulation of losses.
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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Only three storms have impacted a larger area than Helene since 1998.
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Florian Steiger’s strategy is seeking institutional capital for the Q4 primary issuance season.
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The Icosa Cat Bond Strategy now stands at $130mn in AuM.
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The firm will deploy newly developed, proprietary cat bond analysis platform Hubble.
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Steiger will oversee the new article 8 classified fund, based out of Zurich.
