ILS
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The class of 2023-24 cat bond funds will grow existing investors and add new ones.
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The executive has worked for Hamilton for over a decade.
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Richard Pennay will become CEO of Aon Securities.
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The firm’s new name is inspired by 18th Century Swiss mathematician Leonard Euler.
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The performance marked the best August for ILS since the index incepted in 2006.
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The biggest limitation to growth is supply, given ILS capital “reticence” after the 2016-22 years.
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Maya Henry will be tasked with raising capital and managing clients in North America.
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The facility will provide reinsurance coverage over three underwriting years.
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The ETF format provides for publication of a daily NAV.
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The broker replaces Goldman Sachs on the business after the bank ceased offering ILS services.
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Chris Caponigro will be responsible for expanding Axa XL’s product offering and investor base.
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Brokers expect strong competition at remote risk layers at the 1 January renewal.