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Gallagher Re’s chief science officer warned that US SCS activity will keep rising. -
Ambassador was set up in 2021 with Embassy Asset Management the named investment adviser.
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Interest income also boosted the results, with net assets of $9mn rising to $10.8mn by the half-year point.
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She joins after over four years at Securis, where she was head of investor relations and business development.
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Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.
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Cat bond investors are sufficiently capitalised to fulfil demand from an anticipated strong pipeline of new issuance in Q4.
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The Corporation’s chairman said that Names and other third-party capital are essential to maintaining the market’s unique nature.
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SCS accounted for nearly two-thirds of global first-half catastrophe losses.
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The final report said the majority of the losses occurred on Kyushu Island with 74% of the total industry loss.
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The InsurTech claims five former staff, including the CEO and CFO, forged signatures and impersonated bank staff.
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The project which began last year in Zurich has now expanded to a group standing for $29bn of ILS assets under management globally.
