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More than 30% of the fund's AuM is allocated to US windstorm-linked bonds. -
Twia’s analysis showed existing rates were inadequate.
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The firm has observed a “more widespread investor base” in cat bonds.
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The insurance sector’s RoE is expected to exceed 10% next year.
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The negative L&H result was driven by reserve updates.
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The negative L&H result was driven by reserve updates.
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The biggest losses were from wind damage after the storm’s Texas landfall.
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The fund follows an earlier climate change-focused ILS initiative from the firm.
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Relentless focus on annual outcomes provides a packaging that doesn’t fit the purpose.
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Uncertainty around the quantum remains due to policy deductible variation.
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The insured loss from Beryl in the US was pegged at $2.7bn.
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He left his role as portfolio manager at Hiscox Re & ILS last year.
