ILS
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Magnani has served for more than 14 years in ILS broking roles. -
The ILS manager will “pragmatically accept” a degree of credit risk in deals.
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Former ILS investors who left the space have looked again and re-allocated.
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The scheme’s ILS allocation has held steady at 0.7% of the total fund.
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The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
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The 2025 target would be ~25% larger than the $3.56bn it placed for 2024.
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Management track record has been a factor in capital raising for 2025.
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Robert Salzmann has been with the Swiss Re insurer for a decade.
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The firm is understood to be reviewing contracts to bind coverage for 1 January.
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Losses from Hurricane Milton are expected to affect only select junior structures.
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The fund will invest in listed and private transactions.
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Moderate impacts to ILS returns are anticipated from Hurricane Milton.
