AuM data

The top 10 ILS funds have grown their assets under management (AuM) by 4 percent from six months earlier and 7 percent from January 2015, according to the latest Trading Risk investor survey.

Validus has announced that assets under management (AuM) at its third-party capital platform AlphaCat Managers reached $2.4bn as of 1 January, more than 70 percent higher than at the same point a year ago.

Andreas Lewin has stepped down from his role at XL-Catlin asset management platform New Ocean, Trading Risk has learned.

Bermudian fund manager Aeolus is working with advisers as it considers bringing in new investors in early 2016, sources told Trading Risk.

GC Securities said that ILS fund redemptions remained "far more the exception than the rule" as ample capital remained available on the market.

Leadenhall Capital Partners won a $20mn mandate from a US state university pension fund in early November, according to Securities and Exchange Commission filings.

Swiss ILS fund manager Twelve Capital confirmed that it has closed its Twelve ILS cat bond fund, as it consolidates its range of Ucits funds.

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Markel has completed the acquisition of Bermudian retro specialist Catco, it announced yesterday (8 December).

Validus subsidiary AlphaCat has lined up former Montpelier Re executive Paul Hopwood to join the firm in an underwriting role, Trading Risk understands.

Securis CEO Rob Procter said that Lloyd's was likely to be a high-growth area for the fund manager in the future, after it received formal approval from the Corporation to launch a special purpose syndicate (SPS) 6129 with Novae for 2016.

Leadenhall Capital Partners won a $20mn mandate from a US state university pension fund in early November, according to SEC filings.