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The sidecar has been launched alongside partner Stone Point Credit Adviser. -
The Elementum executive told Trading Risk New York that “appropriate returns” over time were the key to a sustainable ILS market.
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The company has also been appointed to the statutory committee of unsecured creditors in Vesttoo’s bankruptcy case.
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The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
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Gallagher Re’s chief science officer warned that US SCS activity will keep rising.
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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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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.
