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Specialist ILS fund manager Twelve Capital has appointed Jan Kleinn to the new role of head of ILS analytics and unveiled plans to build a team of analysts to study natural and man-made catastrophes.
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The UK pension scheme of technology conglomerate IBM committed $50mn to invest in Nephila Capital's Iron Catastrophe Fund as of 1 January 2014, according to the scheme's most recent annual report.
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Scor Global Investment (SGI)'s Atropos fund expects to soon hit the $500mn assets under management (AuM) mark as it celebrates its three-year anniversary, the company's head of ILS Vincent Prabis said.
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DaVinci investor raises stake; Lancashire targets $500mn for Kinesis; AlphaCat AuM reaches $1.49bn
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ILS fund managers may write as much as four times the amount of premium per employee as rated reinsurers, according to Trading Risk estimates
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Mt Logan Re has hired Mark Booth from Aspen to head up its property reinsurance underwriting.
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Plenum Investments said its cat bond fund will become the first ILS fund to be traded on the SIX Swiss Exchange, thereby offering investors daily liquidity.
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Third Point Re's catastrophe risk management segment generated $0.1mn of net income for the Bermudian hedge fund reinsurer over the first half, compared to a net loss of $0.1mn in the prior-year period.
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New investors placed capital into Mt Logan Re at 1 July, increasing the sidecar's capacity even after it paid out profits to initial backers, according to Everest Re's chief underwriting officer John Doucette.
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Reserve releases boosted underwriting results in the second quarter of 2014 for Bermudian reinsurer Validus and its managed funds business AlphaCat, as their premium income written and earned declined year-on-year.
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Stone Ridge Asset Management lifted assets under management in its three ILS funds to $1.795bn as of the end of April, from $1.47bn three months earlier, the manager's latest half-year reports show.
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A new legacy ILS fund launched by Credit Suisse Asset Management (CSAM) and Bermudian run-off specialist Armour Group is up and running with more than $100mn of assets under management to invest in discontinued insurance books