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The move follows a complaint and an investigation showing the firm had breached Bermudian law.
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The carrier's Ada Re vehicle will join its Turing Re sidecar, but its capacity is not known. -
The appointment follows a number of senior departures from Aon’s reinsurance ranks.
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Still some way off Category 1 intensity, Paulette is expected to reach the Leeward Islands on Thursday night.
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The Bermudian manager is looking to broaden its platform.
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The $59.1bn pension’s ILS allocation stands at 1.6% of the fund.
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Total equity and debt raised this year if the $300mn target is reached would approach $1.5bn.
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The ILS manager expects investments will have low correlation with the financial markets.
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LGT ILS Partners, Swiss Re and Pool Re's Baltic Re cat bond were among the winners of the Trading Risk awards 2020.
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Kristofer Sannemalm joins the growing new platform helmed by Lixin Zeng and Richard Lowther.
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The executive joins after 15 years at the Fairfax-owned carrier.
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The business will be known as SiriusPoint and led by ex-AIG CFO Sid Sankaran, who will become chairman and CEO.
