ILS investors

Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.

The short-term disruption of relisting may be justified by the long-term benefits.

A fresh investor will be needed to put meaningful cash on the table for a US retail deal.

SEC filings show that Travelers’ equity ownership was valued at over $107mn in Q4.

Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.

The deal’s consideration consisted of a cash payment of $119mn and the 13.5% equity interest that Enstar held in Northshore, the parent of Lloyd’s underwriter Atrium.

Sources said the PE heavyweight shelved the stake sale plans earlier this year as multiples in the adjusting segment remain under pressure.

The three new capital vehicles fundraising for a Lloyd’s play, coupled with some of the best underwriting conditions seen for years, have raised the prospect of a new age of investment in the market – but questions remain around execution.