AuM data

Axa's plans to significantly expand its risk transfer to reinsurers and capital market partners after its $15.3bn acquisition of XL are a positive sign for the ILS sector amid another expected wave of (re)insurance consolidation.

Aeolus's private equity backers Elliott Management Corporation and Wand Partners have furthered their investment in the insurance space with the acquisition of US life insurer Prosperity Life Insurance Group.

Mt Logan assumed $323.7mn of catastrophe losses during 2017, as the sidecar's liabilities made up just over a quarter of reinsurance receivables due to its sponsor Everest Re at year-end.

Securis Investment Partners has hired Simon Arnott as head of origination for Bermuda and the US, based in Bermuda, sources told Trading Risk.

Axa said its planned $15bn acquisition of XL Group will improve its access to alternative sources of reinsurance capital, as it would bring access to the Bermudian's majority-owned ILS manager New Ocean.

Lancashire took a $9.4mn loss during 2017 from its 10 percent equity stake in its Kinesis third-party capital platform.

Swedish state pension fund AP2 has reported that the fair value of its ILS investments held steady in US dollar terms throughout the course of 2017, reaching 5.13bn Kronor ($627mn) at year-end 2017.

The second-largest ILS manager posted a $200mn incremental gain in assets under management in January as it said it chose not to draw down on some post-loss capacity.

Assets under management (AuM) controlled by the top 10 ILS firms reached $64bn at the start of 2018, as Markel said that Markel Catco's asset base reached $6.1bn and as Credit Suisse Asset Management posted $8.8bn of assets.

Securis wins no-fee Kansas deal; PFZW still looking to expand ILS allocation; UK pension fund's £165mn ILS mandate

Everest Re's Mt Logan sidecar reached $1.03bn of assets under management on 1 January, up by almost $200mn in the fourth quarter.

Bermuda-based Validus Holdings said $78mn of its $120.8mn Q4 losses were attributable its insurance-linked securities management unit AlphaCat.