Risk.net

Management buys out SG’s weather and cat bond funds

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Diego Wauters, formerly global head of insurance and weather derivatives at SGin London, led the move. Wauters says his backers include major London-basedfund managers, although he refused to provide names or details regarding thecosts of the buyout. Wauters will work with his six-strong team at the newlycreated London-based firm, Coriolis Capital.Under the terms of the buyout, all SG’s expertise in the specialist field,including personnel, goodwill, know-how and computer models, have transf