AuM data

ILS managers are "running toward" the potential to grow their market share rather than running away from last year's losses, Willis Towers Watson Securities said in its latest market report.

Sompo International has set up a $62mn sidecar, Blue Lotus Re, to provide cover supporting its global catastrophe reinsurance portfolio in 2018

AIG's massive balance sheet could be an advantage to AlphaCat in giving it the leverage to target the insurance market, which few ILS funds have yet attempted on a significant scale.

AlphaCat's business has "great growth potential" to expand beyond its $3bn of assets under management, AIG president and CEO Brian Duperreault said on a call to discuss the carrier's $5.6bn takeover of Validus.

AIG said that the AlphaCat asset management franchise was one of the attractions of its $5.56bn bid for Bermudian (re)insurer Validus Group.

Convergence reinsurance capital rose by 9 percent throughout 2017, from $75bn to $82bn, Guy Carpenter said in its January renewals report.

Sequant Re; First Republic; Private equity buy-up; PGGM's Leo expansion

Third-party investors contributed net inflows of $714.2mn as of 1 January, helping to push AlphaCat Managers’ total assets under management (AUM) to $3.4bn.

Private wealth advisory firm First Republic Securities has set up and raised $77.7mn for a new reinsurance fund, according to US SEC filings

Nephila Capital wrote total limit of $1bn on AIG's expanded catastrophe reinsurance programmes for 2018, Trading Risk can reveal.

The ILS sector continued to see new launches in 2017, as the fallout from hurricanes Harvey, Irma and Maria gave momentum to a number of niche start-ups.

Industry analysts have estimated that the ILS market could pick up as much as 15-25 percent of total insured claims from this year's major disaster losses, but looking at disclosures to date suggests the sector is currently assuming its share will fall at the lower end of expectations