AuM data

Simon Fascione has left Aeolus nearly four years after joining the Bermudian asset manager in 2013, sources said.

Hiscox's reinsurance and ILS division posted a nearly 20 percent drop in net written premiums during the first quarter as it retained less risk.

Markel Catco has appointed Alissa Fredricks as chief risk officer, based in Bermuda, and named Simon Moore as its co-chief underwriting officer.

Markel reported $9.4mn of fee income from third-party investors in Markel Catco funds during the first quarter, up from $7.2mn in the same period a year earlier, reflecting growth in underlying assets.

Michael Jedraszak has resigned from Hiscox four years after helping to establish the reinsurer's ILS platform, Trading Risk has learned.

AlphaCat added $200mn to its assets under management in the first quarter to reach a total of $2.9bn at 1 April, parent company Validus said as it reported its Q1 results.

Blue Capital Management's CEO Adam Szakmary has resigned from the asset manager, it announced today.

Assets under management at Everest Re's Mt Logan Re sidecar rose by $75mn during the first quarter to reach $942mn by 1 April, the reinsurer disclosed in a Q1 earnings presentation.

Insurers of the future are likely to move to more of a banking model by sourcing risk to transfer directly to institutional investors instead of holding onto the bulk of their liabilities, according to the president of TigerRisk Capital Markets & Advisory

Dutch pension fund PFZW has made new allocations to XL-owned manager New Ocean and to Munich Re for 2017

Everest Re ceded $160mn of written premiums to its Mt Logan Re vehicle last year, which was down 23 percent on the $209mn ceded in 2015, according to a US Securities and Exchange Commission filing

Sompo Holdings has acquired Endurance Specialty for $6.3bn which will also give it ownership of ILS investment manager Blue Capital Management.