Two important pieces of insurance-linked securities market merger and acquisitions (M&A) news came to light last week, both of which provide signals for those watching of the health of the sector and investor appetite. But there is also a signal of the desire for scale, to be competitive in offering a broad suite of risk transfer and reinsurance investment solutions.
First, the news from Tuesday 23rd July that the Credit Suisse Insurance Linked Strategies management team led by Niklaus Hilti is buying the business out from owner UBS.
While this suggests UBS does not see the ILS management business as a core piece of its own future offering, it demonstrates the support the buy-out team has from its investor base and the opportunity they see to sustain that business and grow in the currently attractive reset ILS and reinsurance market environment.
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