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The hedge fund’s participation drove an overall increase in ILS use by the Floridian insurer for its 2019-20 programme.

The 2018 notes were wiped out when the HCI-backed reinsurer Oxbridge was hit by $7.7mn of catastrophe losses.

The new Radnor Re deal takes the insurer’s 2019 ILS issuance total to $807mn.

Catastrophe losses contributed to a 3.1 percent fall in net asset value for the manager’s Diversified Income and Growth Trust in the past half-year.

The bond offers protection against certain losses from US named storms and US earthquakes.

Zurich-based Solidum Partners will oversee the two funds, estimated to be worth $400mn, from 1 August.

Stone Ridge Asset Management has once again been forced to ration redemption requests at its interval fund after investors sought to cash out nearly a quarter of the fund’s share base, Trading Risk can reveal.

A paper by academics at Hamburg University compared the results of the Swiss Re global cat bond indices against indices from various other sectors.

Ultimately, with advantages and challenges in any ownership situation, the parentage of an ILS platform is not going to be the determining factor in its success.

The funds will be partially used to support its co-invest reinsurance vehicle.

May redemption requests worth about 25 percent of the fund were stable on levels sought in February.

The maturity dates for Blue Halo Re Series 2016-1 Class A and Resilience Re Series 1861A notes have been extended, according to the Bermuda Stock Exchange.