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ILS managers

  • KKR: Nephila can scale up; Blue Water dealing; Amlin makesreinsurance savings
  • Two managers have launched new ILS operations as the industry experiences a resurgence of interest from non-specialist investors
  • Private equity firm KKR hopes to accelerate Nephila Capital's growth after buying a 25 percent stake in the leading ILS fund manager last month
  • The top 10 ILS fund managers have added $7bn to their combined assets under management over the past year and now control almost $28bn of funds, according to investor data compiled by Trading Risk.
  • Large institutional investors are increasingly opting to allocate via personal mandates with ILS fund managers rather than through commingled funds, said LGT's head of ILS Michael Stahel.
  • Bermudian ILS manager Pillar Capital Management has lost its new CEO Chris McKeown after just eight months.
  • Nephila's partnership with private equity firm KKR will send a signal of the firm's staying power to its trading partners, the fund manager's co-founder Frank Majors told Trading Risk.
  • Private equity firm Kohlberg Kravis Roberts & Co (KKR) has bought a 24.9 percent stake in leading ILS fund manager Nephila, in the latest demonstration of heightened investor interest in alternative catastrophe reinsurance.
  • Several top ILS fund managers have lifted their assets under management (AuM) by considerable sums over the past year
  • Retro rates were largely flat at 1 January as new collateralised capacity continued to support the market, participants reported after the property catastrophe renewals
  • 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
  • Allied World Assurance Company has bought a minority stake in Bermudian collateralised reinsurance writer Aeolus to expand its Allied World Financial Services platform