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ILS investors

  • RenaissanceRe posted a 5 percent increase in fees and profit commissions from third-party investors in its property reinsurance portfolios last year.
  • Trading Risk was first launched in 2008 just before the crux of the financial crisis - a period that was ultimately to boost the fortunes of the ILS market, as it showed the value of a truly non-correlating asset class
  • A South Korean pension fund is considering significantly expanding its allocation to the ILS sector, according to local media reports
  • Investors in the Gator Re cat bond are now expecting to lose $17mn-$18mn of their $200mn capital, a minor improvement from the previous $20mn anticipated loss, sources said.
  • Omers backs Allied bid; Blue Capital gains; Catco losses; Pioneer fund; XL's New Ocean gain; Harrington fee boost; Mt Logan fee income drops...
  • PGGM ups ILS investment; IBI launch; 2016 returns lag...
  • Legacy insurer Darag has started work on a second deal through its cell platform as it looks to bring alternative capital to the run-off market, after completing its first such transaction last year
  • Aetna cleared its latest Vitality Re health insurance bond at a new low in the past month as investors awaited more news on what broker-dealers said was a good pipeline of upcoming deals
  • City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.
  • Everest Re posted $11mn of earnings and fee income from its Mt Logan Re vehicle last year, down from $28mn in 2015 as a result of catastrophe losses and lower incentive fees, the company's chief financial officer disclosed on an earnings call.
  • Swiss family office and ILS investor PG3 has recruited former Secquaero structuring manager Tibor Winkler as an ILS portfolio manager
  • RenaissanceRe grew its Upsilon funds platform by a net $92.3mn in January, it disclosed in fourth quarter results that included $60.1mn of losses from Hurricane Matthew