ILS
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Kusche and Rosenberg will co-lead the firm’s global ILS business. -
The strategy launched on 1 January, winning mandates from several investors
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The ILS and reinsurance broker was established last October by Raj Jadeja.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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Cat bond investors have earned a cumulative 39.6% over 2023 and 2024.
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The manager’s Interval Fund returned 28.25% over the financial year.
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The broker anticipates strengthening investor demand for collateralised re.
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Initial spread guidance for the three-year bond is set at 425-500bps.
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The firm will also act as sub-adviser to the Brookmont ETF cat bond fund.
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The company no longer has any exposure to reinsurance contracts.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
