ILS
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Modest increases to reinsurance costs were partly offset by the Australia cyclone pool. -
Insurance Insider ILS revealed last week that the executive was leaving Property Claims Services.
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The loss aggregator has classified the fires as two separate events for reinsurance purposes.
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Wildfire is rarely singled out as an exposure that can shift portfolio outcomes.
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Two ILS funds featured in the top five asset-raisers within the index.
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The firm will match segregated accounts of portfolios to investor mandates.
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The combined entity ranks third in the Insurance Insider ILS leaderboard.
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Liquid alternative strategies accounted for around $1.4bn of the total.
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The role at PCS included acting as primary touchpoint for ILS.
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The departures include North American Arcas head Alex Orloff.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.
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FY24 disclosures show shifting fortunes at reinsurer ILS platforms.
