ILS
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The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt. -
Shareholders are voting to approve being wound up on 18 December.
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The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June.
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The fund will be denominated in US dollars and digital currencies.
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The capital being returned to shareholders is part of a compulsory partial redemption.
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The failure of a Jamaica bond to pay out following Hurricane Beryl damage has brought focus onto the deals.
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Daniel Ineichen, former co-head of ILS, had been with the company for nearly two decades.
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The firm sees a "robust" pipeline of potential investors ahead of the renewals.
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September was the strongest performing month since the index began in 2006.
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Nephila revenues would likely have been higher, but for an ‘elevated climate signal’ this year.
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Collateralised reinsurance and retro are in the firing line.
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