-
Aspen said reduced reinsurance appetite made it a good time to seek alternative capacity. -
The announcement confirms earlier reports from this publication.
-
Sources said the deal was roughly three times over-subscribed as cat becomes hot.
-
The platform distributed ~$50mn to investors for 2023.
-
The carrier closed its Sussex Diversified Fund in October last year.
-
Managers are hoping strong returns in 2023 will aid capital raising efforts.
-
Pockets of new capital will not shift pricing at mid-year.
-
ILS platform London Bridge II has had a good year as volumes reached $750mn, the CFO said.
-
-
The vehicle’s loss ratio improved 66 percentage points YoY.
-
The firm was founded in 2015 to help clients raise capital.
-
The carrier booked a reserve charge of $392mn for casualty insurance.
