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Schroders' ILS funds under management have grown rapidly since the UK-listed asset manager took a 30 percent partnership stake in Switzerland-based ILS specialist Secquaero Advisors last June.
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Pine River Capital Management has parted ways with former Endurance executives Bill Jewett and Ken LeStrange and now plans to establish a sidecar-style reinsurer in the mould of Watford Re, sister publication The Insurance Insider has revealed
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Nephila Capital has invested in a trio of Floridian insurers, including Heritage Insurance, which is expected to raise $92mn from its IPO on the New York Stock Exchange
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Floridian insurer Heritage expects to raise about $92mn from its IPO on the New York Stock Exchange, according to a Securities and Exchange Commission filing
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Jardine Lloyd Thompson (JLT) Capital Markets has closed a $10mn private Floridian cat bond through a new issuance platform launched with Horseshoe Group, the broker announced today (8 May)
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New York-listed Blue Capital Reinsurance Holdings wrote $21.8mn of gross premiums in the first quarter of 2014 in its first January renewals season since listing last November.
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Everest Re's property catastrophe reinsurance sidecar Mt Logan Re has taken its assets under management (AuM) past the $400mn mark following an additional capital raise at 1 April, according to the reinsurer's first quarter earnings call.
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Alternatives investment adviser K2 Advisors has been quietly offering a fund-of-funds for the ILS sector, Trading Risk understands, while ILS Advisers has also launched such a vehicle in the past month.
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ILS fund managers' first quarter returns this year are lagging behind those in the same period of 2013 following a year of market softening, according to results from a group of seven cat bonds tracked by Trading Risk.
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Several new sponsors came to the cat bond market in the first quarter, with a further surge in early April.
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Several ILS fund managers considered listing new closed-ended vehicles in the past few months but plans for further additions have been put on hold as investors are wary of the current yield environment, Trading Risk understands.
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Stone Ridge Asset Management is continuing to ramp up its new Interval fund after putting down a string of significant investments in reinsurer quota shares during the January renewals, Trading Risk understands.
