AlphaCat Managers

A key question is whether retro dislocation will spill over into reinsurance renewals.

Assets under management fell by around $5bn.

Ledger structured the flexible deal between an MGA and AIG's ILS business.

The ILS investor says 7 percent annual returns have made the asset class an attractive opportunity for the fund.

Mt Logan Re investors took $133.8mn of losses in Q2 as its parent Everest Re suffered from adverse development on 2017 claims, undoing the benefit of reserve releases booked in the fourth quarter last year.

RenaissanceRe kept its stake in the $1bn reinsurance programme stable at $262.5mn while Swiss Re increased its line by $10mn this year to $185mn.

ILS managers' income is going to be dented by lost performance fees.

Premiums written by AlphaCat’s low-risk ILS funds overtook its high-risk premiums, as overall assets fell to $3.5bn.

Bernard Van der Stichele has left AlphaCat after joining the fund as a portfolio manager in June last year.

Elementum took out the manager of the year title while American Financial Group was named the sponsor of the year.

Validus posted a $1.1mn year-on-year increase in Q1 earnings from the now $3.7bn platform.