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The asset manager is looking to hire an ILS portfolio manager.

The average gain across a group of sidecars that remained on risk in the three months to 31 January came to 3.2 percent.

Recent developments in the sector have underscored the difficulties reinsurers are grappling with as they attempt to work ILS capital into their business model.

The Bermuda-listed vehicle was established with $45mn raised from investors, with the remaining $5mn coming from the insurer itself.

Is the industry ready to accept new attempts to create live trading platforms?

Hatteras Funds, a North Carolina-based alternative asset manager, has launched the fifth new ILS strategy this year and joins a trend of more feeder funds being set up in the asset class.

The acquisition is expected to close in the second half of the year.

Reinsuring a share of Fidelis’ worldwide excess of loss portfolio, it will sit alongside its existing rated quota share partnerships.

The Eclipse Re platform has issued its third cat bond lite, a three tranche $53.3mn deal.

Two executives, Edward Torres and Niraj Patel, are leaving the firm as it changes tack with its ILS business.

The Florida insurer decreased the share of its growing premium base being ceded to reinsurers.

Swiss Re said it had ended talks with the Japanese technology investor Softbank about a possible minority stake deal.