Tangency Capital
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The independent manager’s post-Ian growth has helped it more than double from prior estimated assets under management. -
Ambassador was set up in 2021 with Embassy Asset Management the named investment adviser.
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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.
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The manager received a mandate from a new investor who had taken the call to come in ahead of Hurricane Ian.
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The 2017 start-up has previously focussed on quota share investing.
