ILS managers

Cat bonds have built-in protections against the threat of inflation, Schroders ILS chairman Dirk Lohmann has argued.

The group-level cat impact to the combined ratio improved 0.3 points to 1.8.

Private ILS outperformed cat bonds during the month.

Total issuance of $4.86bn was transacted in the primary market.

The figures include funds managed by ILS manager Fermat Capital Management.

Craig Dandurand is to depart Australia’s Future Fund after nine years, as the pension scheme reorganised its investment team, putting its ILS portfolio under the responsibility of new head of alternatives Tammi Fischer.

The ILS firm reported $8.5bn of assets under management at mid-year.

The Australian investor made 5.0% on its ILS investments in the 12 months to 31 March.

Gupta moves from Axis Capital where he served for four years in the New York team.

As ILS players such as Vesttoo seek to grow beyond cat risk, Trading Risk looks at some of the questions surrounding how casualty ILS deals will operate and the amount of risk transfer undertaken to date.

Kalachian moves from Allianz where he was a managing director.

The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.