AuM data

Lloyd's chairman John Nelson invoked parallels with the banking crisis as he alleged that the rise of the alternative reinsurance market risked distancing capital from the risk selection process, in a speech at the Monte Carlo Rendez-Vous

LGT Capital Partners has predicted that 2014 will be the first year that it writes more collateralised reinsurance than cat bonds as rate pressure on ILS is expected to continue at the 1 January renewals

Nephila co-founder Frank Majors told a Lloyd's audience today (9 October) that there is still room for alternative reinsurance providers to manoeuvre on rates, given investor demand for rare non-correlating risk

A number of hedge funds, including Searchlight Capital and Pine River, are understood to be looking to enter the reinsurance sector after Third Point Re's recent flotation on the New York Stock Exchange helped stoke interest in such launches.

AQR Re has hired former Markel Re executive Martin Vezina as chief underwriting officer as the firm continues to expand in Bermuda.

French reinsurer Scor has recently launched its second Atropos ILS fund and is set to add a third to its line-up, Trading Risk understands.

Leading ILS fund manager Nephila Capital has turned away more than $1bn of capital after closing some of its funds to new investors earlier this year, in a sign of the strength of investor demand for the asset class

London-based ILS fund manager Leadenhall Capital Partners has admitted four senior staff as partners and recruited Ben Adolph from Antares to join the firm's non-life underwriting team, the firm told Trading Risk.

Goldman Sachs is looking to sell a majority stake in its UK subsidiary Rothesay Life within the next year, according to reports.

Bermudian (re)insurance group Aspen is pulling out of its Cartesian Iris joint venture as it works to develop its own asset management platform, Trading Risk can report

Asset management giant BlackRock would not look to enter the reinsurance sector through joint ventures where the firm would only be providing distribution capabilities, according to a senior executive from the firm.

Blackstone Alternative Asset Management (BAAM) has selected leading ILS fund manager Nephila to act as one of the investment houses that will underpin a new alternatives-focused mutual fund it is launching.