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Aberdeen Asset Management has lifted its stake in the Blue Capital Global Reinsurance fund significantly with the acquisition of almost 2 million shares, taking its stake in the fund above 5 percent.
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Markel earned $56.5mn of third-party fee revenues from Markel Catco Investment Management throughout 2016, the company disclosed in its annual report.
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XL-owned ILS manager New Ocean sponsored the launch of a new Bermudian special purpose insurer Daedalus I Re in late December, Trading Risk understands.
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Increased fee and profit commission income boosted full-year results at Hiscox's reinsurance and ILS division, which reported an 18 percent increase in profit to £115.5mn ($143.8mn) for 2016
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Aspen Capital Markets said that it expanded its Peregrine vehicle for 2017 as well as increasing the size of its Silverton Re sidecar, as previously announced
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XL disclosed in its annual report that it had sold part of its stake in New Ocean Capital Management for $3.9mn.
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Omers backs Allied bid; Blue Capital gains; Catco losses; Pioneer fund; XL's New Ocean gain; Harrington fee boost; Mt Logan fee income drops...
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Legacy insurer Darag has started work on a second deal through its cell platform as it looks to bring alternative capital to the run-off market, after completing its first such transaction last year
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City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.
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Everest Re posted $11mn of earnings and fee income from its Mt Logan Re vehicle last year, down from $28mn in 2015 as a result of catastrophe losses and lower incentive fees, the company's chief financial officer disclosed on an earnings call.
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Swiss family office and ILS investor PG3 has recruited former Secquaero structuring manager Tibor Winkler as an ILS portfolio manager
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AlphaCat investors picked up $18mn of losses in the fourth quarter from Hurricane Matthew and the Kaikoura New Zealand earthquake