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American Strategic Insurance (ASI) has issued an extension notice for the Gator Re cat bond that indicates it will retain up to $35mn or 17.5 percent of the bond's $200mn principal, Trading Risk understands
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RenaissanceRe said it had formed the $140mn Fibonacci Re vehicle, which was set up in Bermuda in late December, to provide it with extra property catastrophe capacity.
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Stone Ridge Asset Management secured $2bn of capital commitments for its new post-event reinsurance fund throughout 2016, according to the company's latest annual report.
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Leo Re, a new $200mn reinsurance vehicle, has been set up ahead of the 1 January renewals, although the sponsor is as yet unknown
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Oppenheimer ILS fund gains; PGGM eyeing ILS expansion; Blue Capital weather fund
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The trend of ILS managers investing in (re)insurance debt could be set to accelerate after two Florida companies raised capital from the sector in recent weeks.
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French asset manager Amundi has agreed to acquire Pioneer Investments from UniCredit in a EUR3.55bn ($3.74bn) cash deal, the companies announced this morning
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Apollo-backed life and annuities reinsurer Athene Holding is set to raise $1.08bn from its New York initial public offering (IPO) after pricing shares in the middle of a previously announced range
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Another start-up has joined the ranks of carriers targeting the fronting market for US primary business, which will be led by former Third Point Re executives Tony Urban and Shane Haverstick
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AM Best has given a B++ rating to Somerset Re, a new Bermuda-based life and annuity reinsurer partly backed by high net worth investors and private equity firm Atlas Merchant Re
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United Insurance Holdings (UIHC) has agreed to a five-year restrictive covenant that will prohibit it from investing or acquiring managing general agencies (MGAs) as part of its deal to purchase American Coastal
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Average ILS fund returns reached 0.42 percent in October, according to the Eurekahedge ILS Advisers Index, after Hurricane Matthew had a small impact on several funds that invest in private reinsurance instruments