November 2010/1

A life securitisation is in the offing through a 144A private placement, sources say, providing a further sign of the convergence community's resurgent interest in the life sector as the soft market bites in property and casualty lines.

Hedge fund AIFAM hopes to boost its catastrophe bond fund five-fold to $150mn within a year by attracting Japanese pension fund money, according to reports.

The $25bn-$30bn of capital that makes up the Trading Risk universe plays a far more significant role in the property and casualty (P&C) sector than its proportion of the industry's overall capital would suggest.

Swiss ILS manager Solidum Partners has offered a private cat bond securitisation for sale on the secondary market, creating liquidity for smaller indemnity-triggered transactions, Trading Risk can reveal.

Insurance-linked fund managers are waiting on tenderhooks to discover the initial capital amounts that will be deployed in the convergence market by a number of institutional investors over the coming months.