-
The recommended “AIF lite” structure could be suited to cat bond lites. -
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
The Bermudian ILS manager has recently changed its name from Mereo Advisors.
-
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
-
This comes in at the lower end of the initial spread guidance of 725-775 bps.
-
The investment consultancy said yields increased in Q2 by less than could have been expected.
-
The Australian carrier’s nat cat losses are A$200mn lower than its annual allowance.
-
Ex-Tropical Cyclone Alfred has been the costliest event, with A$1.36bn in losses.
-
The Cayman Islands-domiciled SPI now has four institutional backers.
-
Property cat-focused sidecar capital was up by approximately 10% in H1.
-
The company said the reduction was due to years of steady improvements.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
