Munich Re working on launch of third-party ILS fund
Munich Re is preparing to launch a potential insurance-linked securities (ILS) fund that will manage third-party capital, the company has said.
The world's biggest reinsurer has had an ILS fund investing its own money for five years and said that expanding the offering to other investors was "the next logical step forward".
Munich Re is yet to reveal the proposed size of the fund or the likely start date. However, it said that it had already been working with an...
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