Sidecars

Stone Ridge took a $100mn stake in Munich Re's new $290mn Eden Re II sidecar in December, the fund manager disclosed

The Ontario Teachers' Pension Plan made an 11.8 percent return on its investments during 2014, helping to lift its net assets from C$140.8bn at the end of 2013 to C$154.5bn by year-end.

Former Goldman Sachs ILS banker Michael Millette is expected to launch a new phase of his career by mid-year as he returns to the investment side of the market, Trading Risk understands.

Alternative reinsurance capital climbed by 28 percent to a record-breaking $64bn last year, while traditional capital rose 6 percent to $575bn, according to the latest Aon Benfield Aggregate (ABA) study.

Hannover Re disclosed that it wrote EUR3.1bn of limit on behalf of fund managers in the collateralised reinsurance sector in 2014, as it said that it had expanded its cooperation with selected fund managers.

Swiss Re P&C cessions fall; Heritage prepares for renewal; Hannover Re cedes EUR133mn; Blue Capital returns 8.8%; Sandell Re joins MultiStrat; First Canadian longevity deal...  

Hannover Re ceded EUR133mn of major losses to retrocessionaires in 2014, down from EUR146mn the year before and the lowest level since 2009.

The Isle of Man Government has launched new legislation surrounding insurance special purpose vehicles (ISPVs), joining a number of domiciles such as Gibraltar and Malta that are competing to win ILS business from strongholds such as Bermuda and Cayman.

Olympus Re, one of the world's first sidecars, is to wind up after 14 years.

ILS Fund Services announced today (4 March) that its assets under administration have grown to $3bn and the company now provides services to 27 ILS funds.

Hannover Re has expanded its K quota share retro sidecar by 25 percent for 2015, the company told Trading Risk.

With the convergence market estimated to have grown by one-third to $60bn in 2014, the number of investors attracted to various ILS structures from within the European Union (EU) has also increased