ILS managers

The Zurich based asset manager has grown assets under management by nearly 40 percent since January.

Hiscox’s reinsurance division lifted premiums by more than a third as it wrote more business for ILS partners.

Lancashire's $500mn sidecar took a loss in Q1 but grew its premium base by a third.

Everest Re said that its Mt Logan Re sidecar reached $1.02bn of assets under management at 1 April 2018, slightly down from $1.03bn at the start of 2018 as the reinsurer added to its 2017 catastrophe loss reserves.

Scor Investment Partners' ILS assets under management reached $1.44bn at the end of February, putting it among the half dozen managers outside the industry's top 10 players with a scale of above $1bn.

Elementum Advisors has launched a new commingled fund which allows its investors to participate in insurance portfolios underwritten by a select group of MGAs, Trading Risk can reveal.

Willis Re said global catastrophe pricing was broadly flat in an "uncontentious" April renewal, as it noted a dramatic change to the reinsurance landscape as primary carriers re-entered the market through M&A deals.

Axa's plans to significantly expand its risk transfer to reinsurers and capital market partners after its $15.3bn acquisition of XL are a positive sign for the ILS sector amid another expected wave of (re)insurance consolidation.

Aeolus's private equity backers Elliott Management Corporation and Wand Partners have furthered their investment in the insurance space with the acquisition of US life insurer Prosperity Life Insurance Group.

Mt Logan assumed $323.7mn of catastrophe losses during 2017, as the sidecar's liabilities made up just over a quarter of reinsurance receivables due to its sponsor Everest Re at year-end.

Securis Investment Partners has hired Simon Arnott as head of origination for Bermuda and the US, based in Bermuda, sources told Trading Risk.

Axa said its planned $15bn acquisition of XL Group will improve its access to alternative sources of reinsurance capital, as it would bring access to the Bermudian's majority-owned ILS manager New Ocean.