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Management track record has been a factor in capital raising for 2025. -
Robert Salzmann has been with the Swiss Re insurer for a decade.
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Fidelis is seeking more cat bond cover than it did almost a year ago.
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The firm is understood to be reviewing contracts to bind coverage for 1 January.
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Losses from Hurricane Milton are expected to affect only select junior structures.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The ruling indicated it was unlikely all claims would be dismissed, as defendants had requested.
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The fund will invest in listed and private transactions.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The bond will provide aggregate coverage against named US storm.
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The loss figure has increased 200% from the initial number provided in October.
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This is the second time Fidelis has entered the cat bond market this year.
