ILS managers

Assets under management at Everest Re's Mt Logan Re sidecar rose by $75mn during the first quarter to reach $942mn by 1 April, the reinsurer disclosed in a Q1 earnings presentation.

Insurers of the future are likely to move to more of a banking model by sourcing risk to transfer directly to institutional investors instead of holding onto the bulk of their liabilities, according to the president of TigerRisk Capital Markets & Advisory

Dutch pension fund PFZW has made new allocations to XL-owned manager New Ocean and to Munich Re for 2017

Everest Re ceded $160mn of written premiums to its Mt Logan Re vehicle last year, which was down 23 percent on the $209mn ceded in 2015, according to a US Securities and Exchange Commission filing

Sompo Holdings has acquired Endurance Specialty for $6.3bn which will also give it ownership of ILS investment manager Blue Capital Management.

XL-owned ILS manager New Ocean has set up a new third-party capital vehicle that follows an algorithmic trading strategy, Trading Risk revealed earlier this month.

Aberdeen ups Blue Capital stake; Korean ILS interest; Plenum fund grows; ILS returns

Prudential Retirement has agreed to take on £960mn of longevity risk from annuity provider Rothesay Life, covering 22,500 pensioners across eight pension plans.

The Korea Post is looking to allocate to the ILS sector by the second quarter of this year, according to its website

Aberdeen Asset Management has lifted its stake in the Blue Capital Global Reinsurance fund significantly with the acquisition of almost 2 million shares, taking its stake in the fund above 5 percent.

Markel earned $56.5mn of third-party fee revenues from Markel Catco Investment Management throughout 2016, the company disclosed in its annual report.

XL-owned ILS manager New Ocean sponsored the launch of a new Bermudian special purpose insurer Daedalus I Re in late December, Trading Risk understands.