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Fees on the GAM Star cat bond funds will drop in May in a recognition of fee competition in the market.
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The reinsurer said the probe concerns the alleged involvement of its former chairman.
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The sponsor secured $240mn of limit as the bond upsized by 20% on its initial target.
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Most of the ILS investments were made via the cat bond heavy High Yield Fund.
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Martin Bisping has moved to CRO and Bernard Bachmann was named CEO of SRILIM.
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Rachel Barnes Binnie joins as portfolio manager.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
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Palm Re will provide Florida named storm cat bond coverage for Florida Peninsula, Edison and Ovation Home Insurance Exchange.
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Multiples in March were below historic averages from 2001 through 2024.
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The cat bond market surpassed $50bn by the end of Q1 2025.
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The ETF will invest solely in natural catastrophe-exposed bonds.
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LA wildfire-exposed ILS positions experienced further declines.