AuM data

Hannover Re recovered nearly half of its EUR1.2bn major loss bill from retro markets in the first half of 2011, helping the firm to post a profit of EUR218mn.

The influx of capital into ILS funds continued last month, with two European funds winning major mandates.

London-based ILS manager Leadenhall Capital Partners has raised another $50mn from investors, compounding an earlier $50mn June inflow and taking total assets under management to $210mn.

A Pennsylvania state pension plan has approved a proposed $250mn investment in Nephila Capital's Palmetto Fund, taking the hedge fund's overall assets under management well over $4bn.

A handful of small to mid-sized European ILS fund managers have succeeded in riding the wave of interest in insurance-linked investments by raising over $250mn in recent weeks, Trading Risk can reveal.

London-based ILS manager Leadenhall Capital Partners has raised $50mn from new investors this year to take its assets under management to about $165mn.

Baldwin ILS fund first to report March loss; Catco goes back to investors for $7mn;Securis holds on listed fund; GAM markets Fermat fund

Clariden Leu - which launched the first UCITS III-compliant cat fund in November last year - has teamed up with German distributor Fundmatrix.

Capacity in Credit Suisse Asset Management's (CSAM) IRIS insurance-linked funds has hit $3bn and continues to rise, Trading Risk can reveal.

Hedge fund manager DE Shaw's Class 3 Bermudian reinsurer is operating with impaired capacity for the 1 January collateralised renewal season as investor redemptions take their toll on assets under management, Trading Risk understands.

Swiss-based Falcon Private Bank is launching a UCITS III cat bond fund, one of the first ILS funds to use the European mutual fund structure, Trading Risk understands.

Hot on the tail of a successful first cat bond "lite" securitisation, dedicated ILS fund manager Clariden Leu is working on a repeat transaction, using the European industry loss index PERILS as a trigger.