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City National Rochdale, an investment adviser for high net-worth individuals and families, has launched the Reinsurance Premium fund that will target investments in the tradeable side of the ILS market.
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The Open Protocol Working Group has released a proposed reporting template for insurance funds and is seeking industry feedback on the initiative by the end of January 2017.
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The London-listed Blue Capital Global Reinsurance fund recorded a 0.2 percent drop in net asset value over October, as it took $6.8mn of losses that were primarily linked to Hurricane Matthew
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Hiscox Re reported a 27 percent jump in gross written premium (GWP) for the first three quarters of this year to reach $649.2mn, with its ILS business being a key driver of growth, Hiscox announced.
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The new owners of United Insurance Company are looking to expand the Cayman carrier's remit to front US insurance business for alternative and traditional market reinsurance partners, sister publication The Insurance Insider revealed.
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Validus intends to add $300mn-$500mn to its asset management platform AlphaCat to deploy in 2017, CEO Ed Noonan said in comments after the company's Q3 earnings release.
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Guernsey-domiciled rated reinsurance company Humboldt Re is on track to write gross written premium (GWP) of approximately CHF156mn ($160.26mn) for 2016, above its original top line target, according to AM Best
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Blue Capital Management said that it does not anticipate any management changes following the acquisition of its parent company Endurance by Sompo Holdings, the second ownership change for the firm in as many years after Endurance bought Montpelier Re in 2015.
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XL-owned ILS manager New Ocean Capital Management has said its new backer Mitsui & Co would help it broaden its relationships with Asian investors.
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Validus intends to add $300mn-$500mn to its asset management platform AlphaCat to deploy in 2017, CEO Ed Noonan said in comments after the company's Q3 earnings release.
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Hedge fund manager Elliott Management Corporation plans to hold onto its investment in Aeolus Capital Management "for a long time", the Bermudian ILS manager's founder Peter Appel told Trading Risk.
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Hedge fund manager Elliott Management Corporation has agreed to buy a controlling stake in Bermudian ILS manager Aeolus Capital Management, the companies announced.