AuM data

Australia's A$117bn sovereign wealth fund has hired ILS specialist manager Elementum Advisors to manage a reinsurance portfolio on its behalf.

Leading ILS fund manager Nephila Capital has trimmed its net assets under management (AuM) by more than $500mn since the start of 2015

Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, taking the vehicle's total assets under management to $750mn, the carrier's CUO John Doucette said on a Q1 earnings call.

The two leading reinsurer-managed funds platforms posted a year-on-year fall in fee income during the first quarter, reflecting the impact of running smaller sidecars.

Gross premiums written by Hiscox's reinsurance division remained relatively stable in the first quarter of 2015, as premium income from its Kiskadee funds platform offset reductions elsewhere.

The winding down of Third Point Re's catastrophe fund has taken effect with assets under management (AuM) falling 35 percent over Q1 as the hedge fund reinsurer increased investments in Hiscox Bermuda's Kiskadee funds.

Schroders reduced its stake in the Catco Reinsurance Opportunities Fund this week, notifying the London Stock Exchange that it had sold 8.15mn shares to reduce its holding in the fund to 14.76 percent.

Blue Capital Reinsurance Holdings declared a $5.4mn profit for the first quarter of 2015, down from $6.1mn in the prior-year period as premium income dipped slightly.

AlphaCat contributed $6.6mn to Validus Group's first quarter earnings, down from $15.7mn a year ago, reflecting lower management fees, higher financing expenses and its lower capital investment in AlphaCat-managed entities.

Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, taking the vehicle's total assets under management (AuM) to $750mn, the carrier's CUO John Doucette said on a Q1 earnings call.

Everest Re sidecar Mt Logan Re doubled its gross written premium (GWP) in the first quarter, while the rest of the group's reinsurance top line remained flat.

Premier Fund Managers sold 4.28mn shares in the Catco Reinsurance Opportunities Fund in the past week, reducing its stake from 6.27 percent to 4.71 percent.