AuM data

The Maryland State Retirement and Pension System allocated $100mn to Nephila's Palmetto Catastrophe Fund in July, doubling its initial investment with Nephila.

Former Pimco investment executive John Brynjolfsson will transform his asset management business Armored Wolf into a family office after the commodity market slump impacted the firm's asset base, according to reports.

The net asset value of Stone Ridge's ILS funds increased by 12 percent to $3.7bn at the end of July, up from $3.29bn at the end of April, according to its latest financial reports.

Axa Investment Managers has won a new ILS mandate from a Dutch institutional investor, the company told Trading Risk.

Bermudian fund management giant Nephila has signed a deal with Technical Risk Underwriters, a Ryan Specialty Group managing general agency, to provide US property capacity.

Markel said that buying an ILS manager of Catco's scale gave it a jump-start compared to the slow slog needed to build up its own platform, as it hinted at further growth plans for the business.

More reinsurers are likely to follow Markel's lead in acquiring an ILS fund, Willis Capital Markets & Advisory (WCMA) co-CEO Rafal Walkiewicz said.

Kiskadee Investment Managers has launched a new Bermudian special purpose insurer Cardinal Re that it says will enable it to do transactions with third-party capital more quickly.

ILS Capital Management has taken over weather managing general agency Excessweather and brought its leader John Warwick into the company to set up a London office

ILS Capital Management has taken over weather managing general agency Excessweather and brought its leader John Warwick into the company to set up a London office

Lloyd's have granted in-principle approval for Barbican to launch a new syndicate that will be funded by Credit Suisse Asset Management's ILS team.

Markel is set to buy "substantially all" of Bermudian retro manager Catco Investment Management for an undisclosed sum, the companies announced today (10 September).