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Credit Suisse Asset Management (CSAM) has closed its new run-off fund - the ILS Property & Casualty Fund - with $576mn of capital commitments, as of 30 September.
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AlphaCat's new BetaCat fund will be charging investors a management fee of 25 basis points (bps), setting a new low within the ILS market, Trading Risk understands.
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All three of the top Japanese insurers are set to be active in the ILS advisory sector, as Mitsui Sumitomo and Sompo's asset management subsidiaries prepare to follow their peer Tokio Marine into the business.
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AlphaCat's top line almost doubled to $6.9mn in the third quarter, up from $3.5mn in the same period last year, as premiums written by its ILS funds jumped to $5.7mn from $1.1mn.
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Amlin has completed its previously-announced agreement to increase its stake in ILS fund manager Leadenhall Capital Partners to 75 percent from 40 percent.
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Validus subsidiary AlphaCat is preparing to launch a new cat bond fund that would pursue a passive tracker strategy, Trading Risk understands
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Specialist ILS fund manager Twelve Capital has appointed Jan Kleinn to the new role of head of ILS analytics and unveiled plans to build a team of analysts to study natural and man-made catastrophes.
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The UK pension scheme of technology conglomerate IBM committed $50mn to invest in Nephila Capital's Iron Catastrophe Fund as of 1 January 2014, according to the scheme's most recent annual report.
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Scor Global Investment (SGI)'s Atropos fund expects to soon hit the $500mn assets under management (AuM) mark as it celebrates its three-year anniversary, the company's head of ILS Vincent Prabis said.
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DaVinci investor raises stake; Lancashire targets $500mn for Kinesis; AlphaCat AuM reaches $1.49bn
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ILS fund managers may write as much as four times the amount of premium per employee as rated reinsurers, according to Trading Risk estimates
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Mt Logan Re has hired Mark Booth from Aspen to head up its property reinsurance underwriting.