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A strong investment performance from Third Point LLC has driven an 18 percent increase in Third Point Re's third quarter profit, according to its first set of results since going public in August
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London-listed ILS fund DCG Iris raised £7.7mn from a new issuance of shares priced at 100.54p per share, according to a stock exchange announcement this morning (7 November).
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ILS investors are prepared to underwrite marine risk but otherwise show limited interest in venturing beyond the catastrophe perils that make up the bulk of their portfolios, according to a leading ILS fund manager
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Lancashire has extended the latest fundraising deadline for its Kinesis reinsurance fund by a week to give the London-listed (re)insurer more time to gauge client demand, it said today (6 November)
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Shares in Montpelier Re's new collateralised reinsurance fund, Blue Capital Re, are set to begin trading on the New York Stock Exchange today (6 November) after the initial public offering priced at $20 per share, in line with previous guidance.
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Stone Ridge Asset Management has lifted its initial target for a new closed-ended reinsurance fund to $600mn from $500mn, adjusting the maximum size of the fund accordingly to $1.1bn, SEC filings show.
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PartnerRe passed $4.1mn of profit to third-party investors in Q3, in what was the second quarter of operations for its Lorenz Re sidecar
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Montpelier Re's managed funds division Blue Capital wrote $1.1mn of net premiums in the third quarter, taking year-to-date premiums written to $35.3mn.
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Average ILS fund returns for 2013 have reached 5.9 percent by the end of September, according to the Eurekahedge ILS Advisers Index.
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UK-listed asset manager Schroders has launched a new cat bond fund on its UCITS Global Alternative Investor Access (Gaia) platform.
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Reinsurance fund manager Leadenhall Capital Partners has reached $1.5bn assets under management (AuM), while confirming the appointment of Robert Schwartz from Dechert LLP as general counsel and head of transaction management.
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Axa's new European wind bond Calypso Capital II closed at EUR350mn to become the largest ever euro-denominated multi-tranche cat bond issuance
