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SAC Re parent facing withdrawal threat
Investors in the pharmaceutical company Elan are suing Steven Cohen's SAC Capital Advisors, alleging that it engaged in illegal insider trading in Elan's options before clinical trial results were released
18 January 2013
Allied World buys into Aeolus
Allied World Assurance Company has bought a 20 percent minority stake in Bermudian collateralised reinsurance writer Aeolus, buying an equal share from all other partners, to expand its Allied World Financial Services platform
18 January 2013
News in brief
Eskatos combines funds for scale; DCG Iris adds £11mn; Catco raises 2013 target
18 January 2013
Top ILS managers load up
Several top ILS fund managers have lifted their assets under management (AuM) by considerable sums over the past year
18 January 2013
2012 returns regain ground
The GAM FCM Cat Bond Fund managed by Fermat Capital has once again topped the table of annual returns for the group of ILS funds tracked by Trading Risk
18 January 2013
Lane: Convergence rates down 17% from 2012 zenith
Average premiums in the ILS and ILW market inched up 2 percent in the fourth quarter but ended the year down 17 percent from their end-March 2012 peak, according to estimates from broker dealer Lane Financial
18 January 2013
High capacity drives aggressive secondary bidding
Strong demand for bonds on the secondary market has outpaced supply after lower-than-expected new issuance in the fourth quarter and first weeks of January
18 January 2013
Compass Re ‘club’ deal stirs resentment
The ILS market is already underway for 2013 with two cat bonds set to close in the first few weeks
18 January 2013
CWIL wraps among retro innovations at flat renewal
Retro rates were largely flat at 1 January as new collateralised capacity continued to support the market, participants reported after the property catastrophe renewals
18 January 2013
Goldman Sachs targets sell-down
Goldman Sachs confirmed it is considering selling a majority stake in its reinsurance business, after sister publication The Insurance Insider reported that it was looking to sell to wealthy individuals through a private placement
18 January 2013
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