Market moves - 8 June

Category: ABS CLOs CMBS


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Acquisition

Angel Oak Commercial Lending (AOCL) has acquired a controlling interest in Cherrywood Mortgage – a national, small-balance commercial mortgage lender based in Los Angeles, California. Cherrywood will serve as the wholesale small-balance commercial lending arm of (AOCL) and is led by ceo Bill Komperda and president Ed Resendez.

Cat bond first

SCOR has sponsored a new cat bond, dubbed Atlas Capital UK 2018 which will provide the group with multi-year risk transfer capacity of US$300m to protect itself against storms in the US, earthquakes in the US and Canada, and windstorms in Europe.

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