-
The scheme’s ILS allocation has held steady at 0.7% of the total fund. -
The ILS manager’s existing Medici cat bond strategy stood at $1.68bn in assets under management (AuM) as of 30 September.
-
It estimated insured losses from nat cats on track to exceed $135bn in 2024.
-
The carrier attributed the intensification of storms this season to climate change.
-
Pricing on the Class A and Class B notes settled below guidance.
-
The bond will provide named storm and quake coverage.
-
WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
-
-
Management track record has been a factor in capital raising for 2025.
-
Robert Salzmann has been with the Swiss Re insurer for a decade.
-
Fidelis is seeking more cat bond cover than it did almost a year ago.
-
The firm is understood to be reviewing contracts to bind coverage for 1 January.
