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The transaction complements its previous acquisition of RMS in 2021. -
The broker said it expects strong ILS capital inflows to continue.
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The deal will boost the investment consultancy’s ILS capabilities.
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Urban expansion, climate change and inflation are key drivers of losses.
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Yen Chu Choo has been appointed Asia Pacific capital advisory head.
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The firm’s deals so far have covered cat risk, with space ILS in scope for the future.
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Growth was driven by strong returns and new investors entering the market.
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The executive has held senior alternative capital roles at Aon and Guy Carpenter.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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The rate change will be implemented in November.
