ILS
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term. -
There are various routes for ILS managers wanting to access the diversity of Lloyd’s underwriting.
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The firm anticipates potential growth in cyber cat ILS similar to property cat ILS post-2005.
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Fontana 2.0 will encompass a more flexible investment strategy than the 2022 vehicle.
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The venture will launch in early 2026 and include captives, ART, cyber ILS and specialty (re)insurance elements.
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Growth included a $240mn increase in partner capital in DaVinci equity plus debt.
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The firm said this was due to planned returns of capital to ongoing investors.
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Some experienced investors are pivoting out of cat bonds and into the top layers of private ILS deals.
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O’Donnell believes RenRe is well positioned to produce longer-tail risk to third-party investors.
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Investor interest is warming up following a colder spell over the past several years.
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While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
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ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
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Mory Katz joined the broker earlier this year.
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The funds will combine credit and ILS holdings.
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Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
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The allocation is around 3% of the fund’s total assets.
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Sources have said $1bn+ of fresh capital from the region is expected to be deployed in 2026.
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Improved performance and growing investment returns played a role in the upgrade.
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The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
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Bellal Rahman joins from Catalina Life Re, where he was head of finance for two years.
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years.
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Charles Mixon joined the firm a year ago in a business development role.
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The resource was developed by leading ILS managers and investors.
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The CEA had $19.3bn of claim-paying capacity as of 31 July.
