-
Former ILS lead Matt Holland left the company in May.
-
He had spent 10 years at Securis, with seven of them as COO.
-
-
The weather-modelling agency is predicting a below-normal season.
-
The fund was renamed from the Pioneer Cat Bond Fund.
-
The total yield was 11.03% as of 27 June, including 4.3% of risk-free rate.
-
Some $400mn of bonds priced in the past week, after a record-setting H1.
-
The recommended “AIF lite” structure could be suited to cat bond lites.
-
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.
-
Property cat-focused sidecar capital was up by approximately 10% in H1.