ILS managers

Scor chairman and CEO Denis Kessler said the acquisition would help its ILS platform move into the top tier of the market.

New disclosure on the ILS manager shows AIG made a Q1 profit on its allocation to AlphaCat funds after a Q4 loss.

The broad portfolio, including ILS holdings, made a loss in the year to 31 March but the organisation did not mention any shift in its reinsurance strategy.

The fair value of AP3's ILS portfolio rose by 10.7 percent to $560mn at year end in 2018.

Carriers that wrote more premium include Swiss Re, Munich Re, RenaissanceRe and Everest Re, while Hiscox Re and Axis posted reductions in top line income.

AlphaCat’s $4.16bn net AuM was detailed in a recent Securities and Exchange Commission filing.

Markel has not actually come out and said what it plans to do with former top 10 ILS manager Markel Catco, but the likely money has to be on a gradual closure now that an overwhelming 91 percent of assets under management are due to be returned to investors, as claims development permits.

Among other promotions, chief risk officer Tim Aman will take responsibility for outwards reinsurance.

Mt Logan Re joins AlphaCat to manage the Australian asset manager’s $560mn ILS investments.

Excluding the impact of its ILS operations, premiums in the reinsurance segment grew by 3 percent.

Lancashire group CEO Alex Maloney said capital providers are pushing on return and risk disclosures.

The gains were partially offset by the costs associated with Markel Catco.