October 2012/1

The old saying "no news is good news" occurred to me when I was talking to one of the panellists who'll be speaking at our New York Rendez-Vous this month, as he confessed that he wasn't quite sure what he was going to find to talk about.

The ILS sector's two leading fund managers have mushroomed in size, as investors' enthusiasm for direct catastrophe reinsurance risk has seen billions of dollars in new capital pour into the sector in 2012.

Luxembourg-based Eskatos Capital Management has suffered a small crop loss in its flagship Multistrategy ILS Fund, according to the manager's monthly updates

The Ohio School Employees Retirement System has shifted $30mn from underperforming hedge funds into Nephila's Triton Fund, according to Pension & Investments.

Hannover Re is backing a new ILS fund, Leine Investment, that will be open to third party funds from 2013, Trading Risk can reveal.