May 2015/1

Leading ILS fund manager Nephila Capital has trimmed its net assets under management (AuM) by more than $500mn since the start of 2015

The reinsurance market's next shock could come not from a hurricane but from the "internet of things", former Goldman Sachs partner Michael Millette told an audience at the annual Insider New York event earlier this month.

Alternative reinsurers and cat bond investors received $589mn in premiums ceded by the top 10 Florida personal and commercial residential insurers in 2014, according to data collected by Trading Risk.

RenaissanceRe and Swiss Re are in line to write more than half of the Florida Hurricane Catastrophe Fund (FHCF)'s $1bn maiden cat reinsurance placement, sister publication The Insurance Insider reported

No doubt many of you have read recent articles in the financial press advertising the launch of a new book, Making a Market for Acts of God, which has been billed as an anthropological study on "reinsurance tribes at work

There has been a significant increase in new retro demand in recent weeks, with broking sources saying that this could add as much as $2bn of new limit to annual volumes

The Florida reinsurance market has moved closer to finding equilibrium as buyers have opted for an early renewal in 2015

Axis investors take Q1 loss; Kinesis profits for Lancashire; Kiskadee stabilises Hiscox premium; PartnerRe adds crop to Lorenz Re

Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, taking the vehicle's total assets under management to $750mn, the carrier's CUO John Doucette said on a Q1 earnings call.

The two leading reinsurer-managed funds platforms posted a year-on-year fall in fee income during the first quarter, reflecting the impact of running smaller sidecars.