Vantage
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The carrier is designing an investable portfolio of long-tail risk. -
The cost of maintaining a team to service institutional investors does not always weigh favourably versus bringing in ILS capital.
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The second iteration of the Bermuda sidecar has brought in additional investors.
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The executive first joined Vantage in 2021 after stints at Hamilton and Allied World.
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The move comes amid a general cutback from reinsurers’ in their cat risk appetite.
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Cat bond spreads settled 11% above sponsor targets as many deals were scaled back or parked.
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Pricing has settled at 14.5%, above the initial 12.25%-13% target.
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The issuance follows on from last year’s $225mn Vista Re offering.
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Megan Kempe is now based in Bermuda as senior vice president of emerging risks.
