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City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.
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Everest Re posted $11mn of earnings and fee income from its Mt Logan Re vehicle last year, down from $28mn in 2015 as a result of catastrophe losses and lower incentive fees, the company's chief financial officer disclosed on an earnings call.
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Swiss family office and ILS investor PG3 has recruited former Secquaero structuring manager Tibor Winkler as an ILS portfolio manager
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RenaissanceRe grew its Upsilon funds platform by a net $92.3mn in January, it disclosed in fourth quarter results that included $60.1mn of losses from Hurricane Matthew
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The Ontario Municipal Employees Retirement System (Omers) will take a 21 percent stake in Allied World after agreeing to put $1bn towards Fairfax Financial's acquisition of the insurer
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Average ILS fund returns totalled 5.18 percent for 2016, according to the Eurekahedge ILS Advisers Index
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Markel Catco said that claims from last year's Hurricane Matthew and the Kaikoura, New Zealand earthquake had each taken 1 percentage point off its returns for 2016
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The insurance-linked premiums on Aetna's latest Vitality Re health insurance bond have settled at the lowest end of the target range, Trading Risk understands
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Tel Aviv-based asset manager IBI Investment House has joined with former Twelve Capital executive Roman Muraviev to launch IBI ILS Partners.
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JP Morgan has shut down its ILS trading desk after citing concerns over value in the sector, Trading Risk revealed late last month.
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Returns from a group of cat bond funds tracked by Trading Risk almost doubled last year from their performance in 2015, as softening spreads bolstered values. Higher-risk deals over the past couple of years have also boosted returns available to investors.
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AlphaCat Managers said it had received the first third-party investments in its BetaCat cat bond tracker fund in the past quarter, as its overall assets under management rose to $2.7bn as of 1 January 2017.
