-
The firm said it wanted to offer more choice to clients.
-
The InsurTech firm began as an MGA but has raised capital to set up a Demotech rated entity. -
The firm’s third-party capital total includes $600mn from the Harrington Re joint venture.
-
The legacy fund uses ILS Property & Casualty Re II and Armour Re to write business.
-
The Apollo affiliate has added $500mn to the funds committed since May, as it targets a $4bn total.
-
Developments this year indicate third-party capital will be a disciplined participant requiring adequate risk-adjusted returns, Axis president and CEO Albert Benchimol said.
-
The Markel co-CEO also said that “noise” around the performance of new acquisition Nephila will clear up by year end.
-
The reinsurer’s Q2 catastrophe property GWP rose by 37.7 percent year on year.
-
Reductions in capacity have slowed, but a shake-up in assets under management is evident.
-
As ILS funds are set to disappear from the London Stock Exchange, analysts say that it could take some time for investors to reconsider the sector.
-
The top 10 managers shrank slightly as smaller players posted gains.
-
The investment comes as Hudson Structured surpassed $2bn of assets under management.
