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Lancashire took a $9.4mn loss during 2017 from its 10 percent equity stake in its Kinesis third-party capital platform.
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Swedish state pension fund AP2 has reported that the fair value of its ILS investments held steady in US dollar terms throughout the course of 2017, reaching 5.13bn Kronor ($627mn) at year-end 2017.
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Assets under management (AuM) controlled by the top 10 ILS firms reached $64bn at the start of 2018, as Markel said that Markel Catco's asset base reached $6.1bn and as Credit Suisse Asset Management posted $8.8bn of assets.
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Securis wins no-fee Kansas deal; PFZW still looking to expand ILS allocation; UK pension fund's £165mn ILS mandate
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The second-largest ILS manager posted a $200mn incremental gain in assets under management in January as it said it chose not to draw down on some post-loss capacity.
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Everest Re's Mt Logan sidecar reached $1.03bn of assets under management on 1 January, up by almost $200mn in the fourth quarter.
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Bermuda-based Validus Holdings said $78mn of its $120.8mn Q4 losses were attributable its insurance-linked securities management unit AlphaCat.
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The Health Care Foundation of Greater Kansas City allocated $10mn to the Securis Event Fund in late 2017, according to sources.
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ILS managers are "running toward" the potential to grow their market share rather than running away from last year's losses, Willis Towers Watson Securities said in its latest market report.
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Sompo International has set up a $62mn sidecar, Blue Lotus Re, to provide cover supporting its global catastrophe reinsurance portfolio in 2018
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AIG's massive balance sheet could be an advantage to AlphaCat in giving it the leverage to target the insurance market, which few ILS funds have yet attempted on a significant scale.
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AlphaCat's business has "great growth potential" to expand beyond its $3bn of assets under management, AIG president and CEO Brian Duperreault said on a call to discuss the carrier's $5.6bn takeover of Validus.