AuM data

Aaron Garcia has joined Hiscox Re's ILS team in the role of ILS portfolio manager in Bermuda

Validus recorded a $74.1mn loss attributable to AlphaCat investors in the third quarter, as the (re)insurer's asset management platform reserved for $574mn of net losses for the period

Validus said it would take $378.9mn of losses from third-quarter catastrophes, including $35.8mn from its share of AlphaCat portfolios.

Hiscox has said it is anticipating Hurricane Harvey claims to reach $150mn based on an industry loss of $25bn, not including National Flood Insurance Program (NFIP) losses.

Willis Re broker Henry Kingham has resigned and is expected to join ILS manager Aeolus, sources told sister publication The Insurance Insider

Alternative investment returns for Swedish state pension fund AP2 totalled 4.6 percent in the first half of 2017, down from 5.5 percent in the same period last year, according to the organisation's half year report.

Flood and crop risk has been an area of initial success in offering AlphaCat investors access to a broader range of perils, Validus executives said on an earnings call.

Hiscox reported an 11.2 percent year-on-year uplift in gross premiums written by its Hiscox Re and ILS division in the first half, as ILS assets under management reached $1.35bn.

The London Pension Fund Authority has allocated £51.2mn ($67.5mn) to Aeolus in its first allocation to the reinsurance sector.

Schroders has appointed Alan Cauberghs as head of private assets to oversee its activities in various sectors including its ILS division Secquaero.

Validus asset manager AlphaCat posted $3.1bn of assets under management at 1 July, up from $2.9bn at the end of the first quarter and $2.5bn a year earlier

Markel reported a 26 percent year-on-year increase in management fees from Markel Catco investors in the second quarter, posting $9.3mn of fee income.