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ILS investors

  • Catco returns 12%; Blue Capital reports results
  • The Australian and New Zealand sovereign wealth funds each provided updates on their combined $300mn allocation to the ILS sector this month.
  • ILS fund manager LGT increased its assets under management (AuM) by $300mn to $5.5bn in February, the company told Trading Risk.
  • Two Kaith Re cat bond lites have had their maturity dates extended, according to Bermuda Stock Exchange announcements
  • Allied World has dropped its capital participation in funds managed by Aeolus to $200mn for 2016, from $350mn last year, CFO Tom Bradley said on an earnings call.
  • RenaissanceRe sidecar DaVinci Re reported a $144mn profit for 2015, down 28 percent compared to its 2014 result due to higher claims and a 9 percent drop in net earned premium income.
  • The New Zealand Super Fund kept its reinsurance allocation steady at about $200mn in the financial year to 30 June 2015.
  • Australia's sovereign wealth fund, the Future Fund, has provided new detail on its reinsurance mandate in its 2014-2015 annual report, indicating the investment was around $100mn in size.
  • The top 10 ILS funds have grown their assets under management (AuM) to $44bn - up by 4 percent from six months earlier and 7 percent from January 2015, according to the latest Trading Risk investor survey.
  • Sidecar returns remained in the mid-to-high teens on an annualised basis in 2015, although softening was still apparent.
  • Brit and Aspen have confirmed that they expanded their sidecar vehicles in the January renewals.
  • Two ILS fund managers are supporting new Lloyd's syndicate Probitas 1492, which has a focus on writing Latin American business.
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