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ILS investors

  • Arch Capital and private equity firm Kelso & Co have backed the $510mn launch of a new legacy reinsurer, Premia Re
  • Munich Re has listed a second tranche of Eden Re II sidecar notes, keeping the vehicle's total size stable at $360mn, Bermuda Stock Exchange (BSX) announcements show.
  • Canadian pension fund giant the Ontario Municipal Employees Retirement System (Omers) is in talks with Fairfax Financial to help fund the latter's takeover of Allied World, according to Bloomberg
  • Elliott Management has closed its previously announced acquisition of a controlling interest in ILS manager Aeolus, the companies announced.
  • American Strategic Insurance (ASI) has issued an extension notice for the Gator Re cat bond that indicates it will retain up to $35mn or 17.5 percent of the bond's $200mn principal, Trading Risk understands
  • RenaissanceRe said it had formed the $140mn Fibonacci Re vehicle, which was set up in Bermuda in late December, to provide it with extra property catastrophe capacity.
  • Stone Ridge Asset Management secured $2bn of capital commitments for its new post-event reinsurance fund throughout 2016, according to the company's latest annual report.
  • Leo Re, a new $200mn reinsurance vehicle, has been set up ahead of the 1 January renewals, although the sponsor is as yet unknown
  • Oppenheimer ILS fund gains; PGGM eyeing ILS expansion; Blue Capital weather fund
  • The trend of ILS managers investing in (re)insurance debt could be set to accelerate after two Florida companies raised capital from the sector in recent weeks.
  • French asset manager Amundi has agreed to acquire Pioneer Investments from UniCredit in a EUR3.55bn ($3.74bn) cash deal, the companies announced this morning
  • Apollo-backed life and annuities reinsurer Athene Holding is set to raise $1.08bn from its New York initial public offering (IPO) after pricing shares in the middle of a previously announced range
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