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Increased fee and profit commission income boosted full-year results at Hiscox's reinsurance and ILS division, which reported an 18 percent increase in profit to £115.5mn ($143.8mn) for 2016
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Aspen Capital Markets said that it expanded its Peregrine vehicle for 2017 as well as increasing the size of its Silverton Re sidecar, as previously announced
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XL disclosed in its annual report that it had sold part of its stake in New Ocean Capital Management for $3.9mn.
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Omers backs Allied bid; Blue Capital gains; Catco losses; Pioneer fund; XL's New Ocean gain; Harrington fee boost; Mt Logan fee income drops...
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Legacy insurer Darag has started work on a second deal through its cell platform as it looks to bring alternative capital to the run-off market, after completing its first such transaction last year
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City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.
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Everest Re posted $11mn of earnings and fee income from its Mt Logan Re vehicle last year, down from $28mn in 2015 as a result of catastrophe losses and lower incentive fees, the company's chief financial officer disclosed on an earnings call.
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Swiss family office and ILS investor PG3 has recruited former Secquaero structuring manager Tibor Winkler as an ILS portfolio manager
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AlphaCat investors picked up $18mn of losses in the fourth quarter from Hurricane Matthew and the Kaikoura New Zealand earthquake
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Use of leverage by insurance-linked securities (ILS) managers is growing and could boost the availability of reinsurance limit from the market in the coming year, according to the latest ILS market update from Willis Capital Markets and Advisory (WCMA).
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Markel Catco said that claims from last year's Hurricane Matthew and the Kaikoura, New Zealand earthquake had each taken 1 percentage point off its returns for 2016
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Tel Aviv-based asset manager IBI Investment House has joined with former Twelve Capital executive Roman Muraviev to launch IBI ILS Partners.