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Plenum Investments said its cat bond fund will become the first ILS fund to be traded on the SIX Swiss Exchange, thereby offering investors daily liquidity.
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Third Point Re's catastrophe risk management segment generated $0.1mn of net income for the Bermudian hedge fund reinsurer over the first half, compared to a net loss of $0.1mn in the prior-year period.
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New investors placed capital into Mt Logan Re at 1 July, increasing the sidecar's capacity even after it paid out profits to initial backers, according to Everest Re's chief underwriting officer John Doucette.
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Reserve releases boosted underwriting results in the second quarter of 2014 for Bermudian reinsurer Validus and its managed funds business AlphaCat, as their premium income written and earned declined year-on-year.
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Stone Ridge Asset Management lifted assets under management in its three ILS funds to $1.795bn as of the end of April, from $1.47bn three months earlier, the manager's latest half-year reports show.
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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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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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Alleghany reinsurance subsidiary Transatlantic Holdings (TransRe) and the Pillar executive management have increased their respective stakes in Bermudian ILS manager Pillar Capital Management to 50 percent each.
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Nephila Capital co-founders Frank Majors and Greg Hagood, along with long-time colleague Barney Schauble, were named the Outstanding Contributors of the Year at the 2014 Trading Risk Awards in London last night (19 June)
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A spike in interest rates would likely make the ILS sector more appealing to investors in the short-term, Goldman Sachs' global head of structured finance Michael Millette said at the inaugural Trading Risk London Executive Briefing today (18 June).
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The Coca-Cola Company's pension fund has a 5 percent allocation to the ILS sector spread across two mandates, including London-based ILS fund manager Securis Investment Partners.