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Credit Suisse Asset Management has hired former Aon Benfield retro broker Nicky Payne for a new role as head of origination, Trading Risk can reveal.
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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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Oppenheimer Funds has begun marketing its cat bond fund to external investors, the asset manager told Trading Risk.
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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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Lloyd's chairman John Nelson invoked parallels with the banking crisis as he alleged that the rise of the alternative reinsurance market risked distancing capital from the risk selection process, in a speech at the Monte Carlo Rendez-Vous
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LGT Capital Partners has predicted that 2014 will be the first year that it writes more collateralised reinsurance than cat bonds as rate pressure on ILS is expected to continue at the 1 January renewals
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Nephila co-founder Frank Majors told a Lloyd's audience today (9 October) that there is still room for alternative reinsurance providers to manoeuvre on rates, given investor demand for rare non-correlating risk
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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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AQR Re has hired former Markel Re executive Martin Vezina as chief underwriting officer as the firm continues to expand in Bermuda.
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French reinsurer Scor has recently launched its second Atropos ILS fund and is set to add a third to its line-up, Trading Risk understands.
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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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London-based ILS fund manager Leadenhall Capital Partners has admitted four senior staff as partners and recruited Ben Adolph from Antares to join the firm's non-life underwriting team, the firm told Trading Risk.