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The Indiana Public Retirement System has allocated $50mn mandates to both Nephila Capital and Aeolus Capital Management, a spokesperson for the fund confirmed.
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Hannover Re has picked up the longevity risk linked to a £2.4bn pension fund buyout completed by Pension Insurance Corporation (PIC) for the Philips UK pension fund.
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AM Best has given an A- rating to Humboldt Re, the latest start-up linked to the ILS team at Credit Suisse Asset Management (CSAM).
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Catastrophe risk has not become a pure commodity product and the pricing cycle for such risk is "asleep" rather than dead, Elementum Advisors founding principal Tony Rettino has said.
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Former Pimco investment executive and Armored Wolf founder John Brynjolfsson will be joining James Alpha Advisors
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Early renewals down; Floridians expand; Axa wins mandate; Armored Wolf shuts; RMS buys HWind; Vario partners with GC; AIR cyber model; Berkshire pulls facilities
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Kiskadee Investment Managers has made two senior hires in Bermuda, recruiting a chief compliance officer and portfolio manager.
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TransRe now has more than $350mn of sidecar capacity, making it a significant player in the market, head of TransRe Capital Partners Craig Hupper told Trading Risk.
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A second rated reinsurer start-up from Credit Suisse Asset Management is set to be up and running in time for the 1 January renewals, Trading Risk understands.
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The Maryland State Retirement and Pension System allocated $100mn to Nephila's Palmetto Catastrophe Fund in July, doubling its initial investment with Nephila.
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Former Pimco investment executive John Brynjolfsson will transform his asset management business Armored Wolf into a family office after the commodity market slump impacted the firm's asset base, according to reports.
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The net asset value of Stone Ridge's ILS funds increased by 12 percent to $3.7bn at the end of July, up from $3.29bn at the end of April, according to its latest financial reports.
