AuM data

The carrier also signed up 50 percent more investors during the July renewal.

The move to add an industry veteran forms part of a larger strategy to expand in the US property and casualty (P&C) market.

The top 10 ILS managers expanded their asset bases by just under 7 percent to $67bn in the first half of 2018.

The team will join the investment bank’s asset management division, which will stay Bermuda-based.

Evercore has been retained to advise Nephila management.

Arch Capital’s ILS assets under management reached $600mn in 2018.

Former Third Point Re executive Michael McKnight has been appointed CEO and chief risk officer of the vehicle.

The Secquaero Advisors CEO pays tribute to former colleagues as he accepted his award.

The asset manager is looking to hire an ILS portfolio manager.

Hatteras Funds, a North Carolina-based alternative asset manager, has launched the fifth new ILS strategy this year and joins a trend of more feeder funds being set up in the asset class.

There has been a $300mn growth for the London-based ILS manager since the start of the year alone.

Two executives, Edward Torres and Niraj Patel, are leaving the firm as it changes tack with its ILS business.