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The headline figure of $7.15bn includes $2.91bn of DaVinci equity plus debt. -
The Bermuda regulator is consulting on a refresh of its rules that will be in force as of 1 January 2025.
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Growth was driven by strong returns and new investors entering the market.
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Quick-moving cat risk trading may become more prevalent in the ILS market.
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The James River-Long Tail Re deal is the latest example of deal-specific investor capital.
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Returns were down on 2023, which benefited from favourable Ian loss development.
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The proportion of total fund assets invested in non-life ILS held steady at 0.6%.
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Sidecar vehicles are being tailored to match investors’ objectives.
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Everest losses ceded to Mt Logan grew by 63% to $26mn.
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Allocators are waiting for 2024 to pan out, according to Hiscox CEO Aki Hussain.
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Fee income at the Re & ILS division grew by 58% to $44.3mn in H1.
