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Total combined losses for the agency’s Helene and Milton estimates stand at $31.8bn. -
Scrocca will be based in Bermuda on focus on underwriting and risk sourcing, among other things.
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The aim is to capitalise on cat bond market’s robust growth and US peril concentration.
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New limit of $474mn entered the market across two deals.
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Two ILS funds featured in the top five asset-raisers within the index.
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The firm will match segregated accounts of portfolios to investor mandates.
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The combined entity ranks third in the Insurance Insider ILS leaderboard.
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Liquid alternative strategies accounted for around $1.4bn of the total.
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The firm said the appointment would support its ambitious growth strategy.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.
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AuM remains generally flat at UCITS funds over the weeks since LA fires started.
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American Integrity is seeking expanded limit on more favourable terms.
