AuM data

Amlin has completed its previously-announced agreement to increase its stake in ILS fund manager Leadenhall Capital Partners to 75 percent from 40 percent.

Validus subsidiary AlphaCat is preparing to launch a new cat bond fund that would pursue a passive tracker strategy, Trading Risk understands

Specialist ILS fund manager Twelve Capital has appointed Jan Kleinn to the new role of head of ILS analytics and unveiled plans to build a team of analysts to study natural and man-made catastrophes.

The UK pension scheme of technology conglomerate IBM committed $50mn to invest in Nephila Capital's Iron Catastrophe Fund as of 1 January 2014, according to the scheme's most recent annual report.

Scor Global Investment (SGI)'s Atropos fund expects to soon hit the $500mn assets under management (AuM) mark as it celebrates its three-year anniversary, the company's head of ILS Vincent Prabis said.

DaVinci investor raises stake; Lancashire targets $500mn for Kinesis; AlphaCat AuM reaches $1.49bn

ILS fund managers may write as much as four times the amount of premium per employee as rated reinsurers, according to Trading Risk estimates

Mt Logan Re has hired Mark Booth from Aspen to head up its property reinsurance underwriting.

Plenum Investments said its cat bond fund will become the first ILS fund to be traded on the SIX Swiss Exchange, thereby offering investors daily liquidity.

Third Point Re's catastrophe risk management segment generated $0.1mn of net income for the Bermudian hedge fund reinsurer over the first half, compared to a net loss of $0.1mn in the prior-year period.

New investors placed capital into Mt Logan Re at 1 July, increasing the sidecar's capacity even after it paid out profits to initial backers, according to Everest Re's chief underwriting officer John Doucette.

Reserve releases boosted underwriting results in the second quarter of 2014 for Bermudian reinsurer Validus and its managed funds business AlphaCat, as their premium income written and earned declined year-on-year.