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ILS managers

  • Allied World Assurance Company has bought a minority stake in Bermudian collateralised reinsurance writer Aeolus to expand its Allied World Financial Services platform.
  • Dexion Capital's closed-ended ILS fund DCG Iris has issued 11.025 million in additional shares at £1 per share which will take the fund to a total size of £51mn if successfully listed.
  • Transatlantic Holdings has invested in Bermudian ILS fund manager Pillar nearly a year after selling down its stake in the company then known as Juniperus.
  • Dexion Capital's closed-ended ILS fund DCG Iris has deferred the deadline for its second-round share issuance by three weeks as a result of Hurricane Sandy.
  • Specialist ILS fund manager Securis has added a new lower-risk fund to its line-up.
  • Credit Suisse Asset Management ILS manager Niklaus Hilti singled out the firm's Iris Life fund as the most exciting area among its ILS strategies as the fund set a strong pace for growth in assets under management.
  • Two hedge-fund start-up vehicles have been broaching new territory in the reinsurance sector, one providing a platform for hedge funds to enter the space and the other delving into long-tail casualty lines
  • Dexion Capital's closed-ended ILS fund DCG Iris says it hopes to complete its first follow-on share issue before year-end, as part of plans to increase its capital to £150mn by mid-2013
  • The Ohio School Employees Retirement System has shifted $30mn from underperforming hedge funds into Nephila's Triton Fund, according to Pension & Investments.
  • Dexion Capital's close-ended ILS fund DCG Iris has confirmed that its first share offering is expected to close before year end, as part of plans to increase capital to £150mn by mid-2013.
  • Munich Re looks poised to become the latest reinsurer to launch a third-party ILS fund after confirming that it is talking to potential investors
  • Credit Suisse Asset Management no longer expects Hurricane Isaac to have any impact to the portfolio of the listed DCG Iris fund.