ILS managers

Al Selius has joined $21bn asset manager BlueMountain Capital as an ILS portfolio manager, sources told Trading Risk.

Lancashire took a $13.1mn loss during the third quarter from its 10 percent stake in the Kinesis third party fund

Reinsurance CEOs have highlighted a significant gap between reported loss figures for the third quarter catastrophes and overall industry loss estimates of $80bn-$110bn

Validus Re CEO Kean Driscoll said the company would put more of its capital to work in the retro market alongside third-party capital in 2018 as it anticipated material rate increases and limited capacity in this sector.

Everest Re's Mt Logan sidecar posted a $116mn drop in assets under management during the third quarter to reach $833mn on 1 October, compared to $949mn at 1 July.

Aaron Garcia has joined Hiscox Re's ILS team in the role of ILS portfolio manager in Bermuda

Validus recorded a $74.1mn loss attributable to AlphaCat investors in the third quarter, as the (re)insurer's asset management platform reserved for $574mn of net losses for the period

Validus said it would take $378.9mn of losses from third-quarter catastrophes, including $35.8mn from its share of AlphaCat portfolios.

Hiscox has said it is anticipating Hurricane Harvey claims to reach $150mn based on an industry loss of $25bn, not including National Flood Insurance Program (NFIP) losses.

Willis Re broker Henry Kingham has resigned and is expected to join ILS manager Aeolus, sources told sister publication The Insurance Insider

Alternative investment returns for Swedish state pension fund AP2 totalled 4.6 percent in the first half of 2017, down from 5.5 percent in the same period last year, according to the organisation's half year report.

Hiscox reported an 11.2 percent year-on-year uplift in gross premiums written by its Hiscox Re and ILS division in the first half, as ILS assets under management reached $1.35bn.