ILS
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The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June. -
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 new funds will target the US wealth market through financial professionals.
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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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In its first deal, Enstar received $350mn in premium for certain 2019 and 2020 business in AlphaCat’s portfolio.
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Michael Rich left the portfolio management role in May.
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The firm will provide an update on 22 November to avoid holiday season.
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September was the strongest performing month since the index began in 2006.
