-
The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle. -
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
-
Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
-
Spreads on USAA’s latest deal priced below comparative issuances in 2023-2024.
-
Investor interest is warming up following a colder spell over the past several years.
-
EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
-
While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
-
Nine-month insured losses still exceeded $100bn due to California wildfires.
-
The award of the mandates marks the California public pension plan’s entry into ILS.
-
The reinsurer stressed it “did not shy” from cat business in 2023.
-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday.
-
Mory Katz joined the broker earlier this year.
