-
The feeder fund to Neuberger Berman ILS strategies took a defensive stance ahead of 2021 Atlantic hurricane season. -
DE Shaw issued a stinging rebuke to the company last week, and called for it to reposition as a pure-play insurance data firm.
-
Even though underlying ILS market conditions are improving, getting a hearing from investors could become harder.
-
The investment firm said that pivoting to a pure-play insurance data business would unlock up to $20bn of value.
-
Coca Cola has downsized its ILS holdings almost every year since 2017.
-
A recent final sweetener to the offer led to US litigation being withdrawn.
-
The latest raise takes the satellite firm’s total financing to $304mn.
-
Many investors are in a “hold and assess” pattern on ILS, but some changes in the broader landscape could be more positive for the industry.
-
The firm will look to grow its offerings on climate change and natural catastrophe risk.
-
The Swedish pension scheme is ‘happy to absorb concentrated [cat] peril risk’.
-
The London fund has been transitioning its diversifying portfolio to a pooled scheme, which has posted some growth in insurance holdings.
-
Alecta said it was "convinced" ILS could produce high-quality, uncorrelated returns.
