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He will continue to play a role as a fund director and firm ambassador. -
The global services provider has grown through acquisitions in recent years.
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Former Teneo M&A head Alexander Schnieders will lead the unit.
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The ratings agency noted robust profit margins for reinsurers.
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Europe has experienced an uptick of insured losses from severe weather.
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The Italian hailstorm event in the summer 2023 saw estimated losses nearly triple.
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The Icosa Cat Bond Strategy now stands at $130mn in AuM.
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Tanja Wrosch joins Twelve after more than a decade at Credit Suisse ILS.
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Excess capacity rebounded in June 2023 after hitting a decade-low just 12 months earlier.
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The firm now predicts six major hurricanes and 24 tropical storms.
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Forecasters have warned that a number of meteorological factors could make this year the most active on record.
