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A higher loss quantum will put a greater burden on retro programmes.
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The estimate is net of its per-occurrence reinsurance program and gross of tax.
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The aim is to capitalise on cat bond market’s robust growth and US peril concentration.
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New limit of $474mn entered the market across two deals.
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Two ILS funds featured in the top five asset-raisers within the index.
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The fall marks this the first time in 20 years the index has been negative in January.
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The firm will match segregated accounts of portfolios to investor mandates.
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Liquid alternative strategies accounted for around $1.4bn of the total.
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The LA fires ‘demonstrate the magnitude of tail events not well captured in modelling’.
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The role at PCS included acting as primary touchpoint for ILS.
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The carrier’s reinsurance premiums ceded rose by 32% to $3.4bn in 2024.
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Neuberger Berman’s AuM stood at $3.2bn as of 1 January 2025.