ILS investors

Reinsurers increased their share of the catastrophe bond market from 6 percent to 10 percent in the year to 30 June 2015, according to Aon Benfield's annual ILS report.

Seven cat bond funds tracked by Trading Risk have delivered average returns of less than 2 percent for the first nine months of 2015, putting them below their performance at the same mark last year.

The Swiss Re Cat Bond Price Return Index has almost reached the values recorded at the start of 2015 after posting a 1.7 percent upswing since mid-July.

A group of sidecars followed by Trading Risk are on track to deliver annualised returns of 10.48 percent, according to data compiled from filings made by US fund managers Stone Ridge and Pioneer

Bankers at Credit Suisse are hoping to tap ILS investors for an insurance securitisation covering the institution against operational risks, such as of a cyber attack or a rogue trader incident, Trading Risk understands.

A series of hedge fund reinsurer initiatives were revealed during the Monte Carlo Rendez-Vous last month, with two of the vehicles in progress likely to act as captives

The Maryland State Retirement and Pension System allocated $100mn to Nephila's Palmetto Catastrophe Fund in July, doubling its initial investment with Nephila.

Australian asset manager MLC has switched its ILS manager, removing Nephila Capital and appointing AlphaCat, as it seeks to expand into the private (re)insurance market.

Vario Partners founders Quentin Moore and James McPherson say that Solvency II and insurance M&A will help drive take-up of securitised capital relief products

Legacy carrier Enstar is working with alternative investment manager UBS O'Connor and its long-term backer Stone Point as it explores a hedge fund reinsurance start-up, The Insurance Insider revealed this week

A new fronting insurer is on course to launch next month with an A- AM Best rating and backing from Pine Brook

A group of sidecars tracked by Trading Risk recorded an average increase in fair value of 2.5 percent for the three months from February to April 2015, according to disclosures from sidecar investors Stone Ridge Asset Management and Pioneer.