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CCLA Investment Management, a specialist fund manager for UK charities, local authorities and the Church of England, has taken a 6.2 percent stake in the London-listed Catco Reinsurance Opportunities Fund.
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Stone Ridge's fleet of public sidecar investments have generated average returns of 3.8 percent over the first four months of 2014, its latest semi-annual report shows.
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A new legacy ILS fund launched by Credit Suisse Asset Management (CSAM) and Bermudian run-off specialist Armour Group is up and running with more than $100mn of assets under management to invest in discontinued insurance books
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Reinsurers up stakes in funds; DCG Iris proposes wind-up; Kinesis adds $50mn limit
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Half-year 2014 returns generated by the seven cat bond funds tracked by Trading Risk are on average 65 percent lower than H1 2013, as the benefit of mark-to-market gains observed last year began running out
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Enstar has become the latest potential candidate for launching an investment-focused reinsurer, but panellists at a recent Trading Risk event warned that there will be tests ahead for this business model as new US proposals on their tax treatment are considered.
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The Caribbean Catastrophe Risk Insurance Facility (CCRIF), through the World Bank, was one of eight new sponsors to come to the cat bond market in the first half of 2014, pushing total issuance volumes above $6bn
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Order books for cat bonds are reaching historical highs for the number of investors, with 30 to 40 investors currently typical, Goldman Sachs' global head of structured finance Michael Millette said at the inaugural Trading Risk London Executive Briefing in June.
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Nephila Capital provided a mammoth $550mn line on the $1.5bn traditional reinsurance programme placed by Florida Citizens Property Insurance this year
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The top 10 specialist ILS managers added $2bn to their assets under management (AuM) in the first half of 2014, as the pace of new inflows slowed but remained steady, the latest Trading Risk investor survey shows
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Lloyd's (re)insurer Amlin has agreed on a deal to lift its stake in Leadenhall Capital Partners from 40 percent to 75 percent, six years after it helped launch the firm.
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The London-listed DCG Iris fund is proposing a voluntary wind-up to its shareholders just two years after its launch.