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Goldman Sachs confirmed it is considering selling a majority stake in its reinsurance business, after sister publication The Insurance Insider reported that it was looking to sell to wealthy individuals through a private placement
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Swiss-based ILS fund Twelve Capital has grown to manage more than $1bn of capital, roughly half of which is invested in ILS funds, according to a company statement
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The AlphaCat 2013 sidecar has grown its January renewals capacity by a small margin over the previous 2011 vehicle, AlphaCat portfolio manager Paschal Brooks told Trading Risk.
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Listed retrocession writer Catco took in $350mn during the fourth quarter and deployed more than $2bn of collateralised retro capacity at 1 January, the fund manager announced in its annual statement today
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Allied World Assurance Company has bought a minority stake in Bermudian collateralised reinsurance writer Aeolus to expand its Allied World Financial Services platform
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Alterra's sidecar New Point V has increased in size from $210mn to $247mn, the company said
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RMS Paradex puts Sandy at $17.8bn; Sandy loss disclosures; Listed funds draw in institutions; ILS attracts Magnetar exec
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Nephila is believed to have matched its $1bn+ first-half fundraising feat in the second half of the year as it heads toward the 2013 renewals.
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Towers Watson Capital Markets is marketing a new private cat bond that is aiming for roughly $50mn of cover for a large US-domiciled sponsor, Trading Risk understands
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Montpelier Re hopes its new third party management arm Blue Capital Management will grow its asset base to $0.5bn-$1bn over the next 3-5 years, the company told Trading Risk
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Axis chairman Michael Butt says Bermuda may never see another wave of traditional start-up (re)insurers like 2001 or 2005 but remains the location of choice for the ever-constant flow of new capital into the industry
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Hong Kong-based advisory firm ILS Advisers hopes to raise $50mn-$100mn for a new fund-of-funds for the ILS market in the first half of next year.
