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ILS managers

  • This month Trading Risk talks to Swiss Re's head of non-life risk transfer, Martin Bisping
  • The top tier of ILS fund managers eased off the growth pedal in 2013 as the challenge of deploying new funds became increasingly difficult in a highly competitive market.
  • Hedge fund Two Sigma Investments will take over as investment manager for SAC Re's assets after a sale deal was agreed for the Class 4 Bermudian reinsurer, sister publication The Insurance Insider reported
  • UBS analysts have predicted that investors would react positively should London-listed (re)insurer Amlin exercise an option to buy out its joint venture partners in ILS fund manager Leadenhall Capital Partners in 2014.
  • Private equity firm Aquiline Capital Partners has sold its stake in Pillar Capital Management, although it retains an investment in funds managed by the Bermudian ILS fund manager.
  • Leading ILS fund manager Nephila Capital offered a $1bn reinsurance cover to the Florida Hurricane Catastrophe Fund (FHCF) this year, Trading Risk has learned.
  • Credit Suisse Asset Management has hired former Aon Benfield retro broker Nicky Payne for a new role as head of origination, Trading Risk can reveal.
  • UK-listed asset manager Schroders has launched a new cat bond fund on its UCITS Global Alternative Investor Access (Gaia) platform.
  • Oppenheimer Funds has begun marketing its cat bond fund to external investors, the asset manager told Trading Risk.
  • Reinsurance fund manager Leadenhall Capital Partners has reached $1.5bn assets under management (AuM), while confirming the appointment of Robert Schwartz from Dechert LLP as general counsel and head of transaction management.
  • Lloyd's chairman John Nelson invoked parallels with the banking crisis as he alleged that the rise of the alternative reinsurance market risked distancing capital from the risk selection process, in a speech at the Monte Carlo Rendez-Vous
  • LGT Capital Partners has predicted that 2014 will be the first year that it writes more collateralised reinsurance than cat bonds as rate pressure on ILS is expected to continue at the 1 January renewals
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