AuM data

The company is moving away from market-facing collateralised reinsurance funds, head of alternative capital Dan Brookman told this publication.

Combined net assets for the High Yield and Interval Funds remained stable at $6.99bn at the end of July, Stone Ridge said.

Mt Logan Re investors took $133.8mn of losses in Q2 as its parent Everest Re suffered from adverse development on 2017 claims, undoing the benefit of reserve releases booked in the fourth quarter last year.

Deal represents full exit for Man, KKR and management.

Reporting to director of underwriting in London Megan McConnell, Ross Nottingham will lead Hiscox Re's North American underwriting team and strategy.

Aspen CEO Chris O’Kane said the acquisition by Apollo would help the group have additional scale and “take Aspen to the next level”.

ILS managers' income is going to be dented by lost performance fees.

The retro manager’s assets under management reached $6.5bn at the end of June, including trapped capital.

Premiums written by AlphaCat’s low-risk ILS funds overtook its high-risk premiums, as overall assets fell to $3.5bn.

The reinsurer's ILS assets under management have now reached $1.6bn.

The carrier also signed up 50 percent more investors during the July renewal.

The move to add an industry veteran forms part of a larger strategy to expand in the US property and casualty (P&C) market.