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AuM data

  • Stone Ridge Asset Management lifted assets under management in its three ILS funds to $1.795bn as of the end of April, from $1.47bn three months earlier, the manager's latest half-year reports show.
  • A new legacy ILS fund launched by Credit Suisse Asset Management (CSAM) and Bermudian run-off specialist Armour Group is up and running with more than $100mn of assets under management to invest in discontinued insurance books
  • The top 10 specialist ILS managers added $2bn to their assets under management (AuM) in the first half of 2014, as the pace of new inflows slowed but remained steady, the latest Trading Risk investor survey shows
  • Lloyd's (re)insurer Amlin has agreed on a deal to lift its stake in Leadenhall Capital Partners from 40 percent to 75 percent, six years after it helped launch the firm.
  • Alleghany reinsurance subsidiary Transatlantic Holdings (TransRe) and the Pillar executive management have increased their respective stakes in Bermudian ILS manager Pillar Capital Management to 50 percent each.
  • Nephila Capital co-founders Frank Majors and Greg Hagood, along with long-time colleague Barney Schauble, were named the Outstanding Contributors of the Year at the 2014 Trading Risk Awards in London last night (19 June)
  • A spike in interest rates would likely make the ILS sector more appealing to investors in the short-term, Goldman Sachs' global head of structured finance Michael Millette said at the inaugural Trading Risk London Executive Briefing today (18 June).
  • The Coca-Cola Company's pension fund has a 5 percent allocation to the ILS sector spread across two mandates, including London-based ILS fund manager Securis Investment Partners.
  • Alternative reinsurers and cat bond investors captured 17.6 percent of premiums ceded by the top 10 Florida personal and commercial residential insurers in 2013, up from 14 percent in 2012, according to data collected by Trading Risk
  • Schroders' ILS funds under management have grown rapidly since the UK-listed asset manager took a 30 percent partnership stake in Switzerland-based ILS specialist Secquaero Advisors last June.
  • Aspen Insurance Holdings has launched a wide-ranging attack on Endurance's $3.2bn bid to acquire the Bermudian (re)insurer, arguing that the pairing would be a "strategic mismatch".
  • The head of non-life business at London-based ILS fund manager Securis Investment Partners, Neil Strong, tells Trading Risk that ILS managers need to remain nimble enough to remain selective about their risk.