-
The Dutch investment house has been given a slightly higher ILS target this year, at 2.7% of total assets versus 2.5% previously. -
This suggests the Asia-focused sidecar has grown nearly 40% for 2021.
-
Fairfax has sold a 14% stake in the carrier to Canadian pension fund Omers for $375mn.
-
The move follows Fidelis’ decision to hand back $275mn it had raised for a retro vehicle.
-
He has taken on a role as senior property underwriter after a stint as portfolio manager at Axa’s ILS unit.
-
Assets under management at the sidecar rose 12.5% year-on-year to $900mn by the start of 2021
-
This came as Everest Re fell to a $44mn underwriting loss on a pre-reported prior-year reserve charge.
-
One estimate suggested around $2bn of new capacity in private deals.
-
A cluster of new launches demonstrate continued interest in an "independent aligned" model.
-
The reinsurer was chasing a high 15% net return target but said lower demand and capital trapping made this unachievable
-
Across its three core retro deals, the carrier renewed EUR1.17bn, down 3% from EUR1.21bn in 2020.
-
The Aquiline-backed carrier will offer multiple strategies including a high-risk and cat bond fund.
Most Recent
