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The Peak Re subsidiary mainly writes US motor and casualty reinsurance. -
The carrier previously redeemed from a Herbie Re cat bond for California wildfire claims.
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Some assets in the Medici Fund were transferred to a new UCITS strategy.
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The ILS manager’s total AuM increased to $2.2bn in 2024 from $1.7bn the year prior.
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Fales will focus on creating investment opportunities for the carrier’s specialty reinsurance portfolios.
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The platform is based in Bermuda and will focus on strategic capital partnerships.
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The team will focus on building out Miller’s property treaty, retro and ILS capabilities, it’s understood.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The ILS manager also swung to an operating profit after posting a loss in Q1 2024.
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There’s not much supply in that marketplace, Papadopoulo said.
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The carrier is offering shares priced at $29-$31.
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The firm’s assets under management were down $300mn in Q1 as performance fee income was hit.
