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A number of hedge funds, including Searchlight Capital and Pine River, are understood to be looking to enter the reinsurance sector after Third Point Re's recent flotation on the New York Stock Exchange helped stoke interest in such launches.
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Broker Optex Group has launched a new Lloyd's Calendar Year Combined Ratio Index, which it hopes will provide investors with a new point of access to the London market. Optex director Andrew Martin explains the proposition.
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Listed ILS fund DCG Iris reported an active month for cat bond trading in June as it moved out of several positions in order to lock in mark-to-market profits, according to its latest monthly report
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Leading ILS fund manager Nephila Capital has turned away more than $1bn of capital after closing some of its funds to new investors earlier this year, in a sign of the strength of investor demand for the asset class
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Third Point Re, the Bermudian reinsurer founded by Dan Loeb's hedge fund, has raised $252.2mn from its initial public offering (IPO), net of costs.
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JP Morgan Asset Management and AQR Capital Management are the latest institutions to establish new catastrophe bond strategies, Trading Risk can reveal
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A group of ILS funds tracked by the Eurekahedge ILS Advisers Index posted an average return of 0.33 percent in July, after showing flat returns in June when European flood losses affected some funds.
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Cat bond pricing should continue to favour potential sponsors through the rest of 2013 to put the market on course to transact $7bn-$8bn of total issuance this year, Aon Benfield Securities said
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The average ILS fund delivered a flat performance in June, according to the Eurekahedge ILS Advisers Index, which was the worst June return in the eight years tracked by the index.
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Hedge fund-backed reinsurer Third Point Re is now planning to raise up to $345mn from its initial public offering, according to an updated prospectus.
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XL Capital will launch its new asset management platform with a cat bond fund and a collateralised reinsurance vehicle, CFO Peter Porrino confirmed yesterday (29 July).
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The AlphaCat managed funds division at Validus incurred a $1mn loss from the European flooding in the second quarter, of which $0.1mn was passed to the reinsurer
