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Sompo International’s chief financial officer Mike McGuire said the firm remained committed to its Blue Capital platform after deciding to put its London-listed fund into run-off this week.
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The Zurich based asset manager has grown assets under management by nearly 40 percent since January.
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ILS funds averaged a loss of 0.24 percent in March as 2017 events deteriorated.
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Two Swiss pension funds took losses of 8-9 percent from their ILS holdings following last year’s catastrophe events, but the losses have not put off new local funds entering the asset class.
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The London-listed Blue Capital Alternative Income Fund reported a 2.62 percent drop in net asset value (NAV) for the month of March, due to spiralling Hurricane Irma losses.
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Michigan lifts ILS; AP3 increases ILS
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First quarter returns from a group of ILS funds tracked by Trading Risk have improved year on year as the market gained ground after last year's losses.
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Scor Investment Partners' ILS assets under management reached $1.44bn at the end of February, putting it among the half dozen managers outside the industry's top 10 players with a scale of above $1bn.
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Stone Ridge was a leading supporter of some of the new sidecar vehicles that emerged at January's renewal, including Sussex Capital and deals from MS Amlin and Chaucer.
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UPC's Armor Re II cat bond has priced 17.7 percent below the midpoint of the initial spread guidance at 350 basis points (bps).
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Lane Financial's ILS rate-on-line index dropped by 9.5 percent in the first quarter, marking a softening to the initial rating spike that took place after last year's hurricane activity.
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Louisiana Citizens Property Insurance Corporation has launched a $100mn Pelican Re cat bond .