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ILS managers

  • The investors behind Catco Investment Management are looking to sell out of the company, sources told Trading Risk
  • Ed Johnson has left Aon Securities to join the business development team at the $1.9bn fund Leadenhall Capital Partners.
  • Lloyd's may be seen as an expensive place to do business, but the Corporation's director of performance management Tom Bolt argued in a recent presentation that this idea is exaggerated.
  • Canada Pension Plan buys Enstar stake; Australia's Future Fund hires Elementum; Oppenheimer cat bond fund shrinks by $80mn
  • XL-Catlin's $135mn joint venture New Ocean Asset Management has significantly expanded its team in a sign of its intent to build out the platform, Trading Risk has learned
  • Oppenheimer's Master Event-Linked Bond Fund returned 4.34 percent over the year to 30 March 2015, compared to 10.28 percent in the prior-year period.
  • Lloyd's director of performance management Tom Bolt said that reinsurers are in a "precarious" position due to high expense ratios, but that the perception of their high cost relative to ILS fund managers is exaggerated
  • Aspen is believed to have chosen an asset management partner for a hedge fund reinsurer vehicle, sister publication The Insurance Insider has reported
  • Amlin reported a 1.3 percent drop in its gross written premium to £1.26bn during the first quarter as it said that its majority-owned fund manager Leadenhall Capital Partners had grown assets under management to $1.92bn.
  • Australia's A$117bn sovereign wealth fund has hired ILS specialist manager Elementum Advisors to manage a reinsurance portfolio on its behalf.
  • Leading ILS fund manager Nephila Capital has trimmed its net assets under management (AuM) by more than $500mn since the start of 2015
  • Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, taking the vehicle's total assets under management to $750mn, the carrier's CUO John Doucette said on a Q1 earnings call.