AuM data

Fosun said Tenax Capital will become one of its most important European asset management platforms.

Investors sought to redeem about $200mn in 2019 from the shrinking Securis I fund, but the London manager has grown its lower-risk non-life fund.

Winners were recognised at the 11th Trading Risk Awards ceremony, held in London last night.

The Zurich-based fund manager will no longer manage two Falcon cat bond funds.

Zurich-based Solidum Partners will oversee the two funds, estimated to be worth $400mn, from 1 August.

Firming market an opportunity for the growing ILS fund, according to the analysts.

Ultimately, with advantages and challenges in any ownership situation, the parentage of an ILS platform is not going to be the determining factor in its success.

The industry’s market heavyweights remain split amongst different types of ownership models.

The firm will invest $50mn in Elementum’s ILS funds.

The reinsurance fund has ramped up in recent years to $700mn-$800mn.

The combination would have around $2.1bn of assets under management.

M&A deals have resulted in reinsurer affiliated businesses overtaking the market share of independent ILS firms, but asset managers have also grown their share via new launches since 2014.