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Bermuda-based (re)insurer XL Catlin placed more than $500mn of new catastrophe limit for 2018 and increased alternative market retro support to more than $3bn, as ceding strategies among major carriers diverged following last year's losses.
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Abuse of side pockets in the financial crisis - when hedge funds locked in investors to avoid having to sell off discounted assets - has made the practice less palatable in the wider financial markets.
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Baillie Gifford has lowered its stake in the ordinary shares on offer from the Catco Reinsurance Opportunities Fund, according to a London Stock Exchange filing.
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RenaissanceRe's third-party capital platforms have engaged in substantial fundraising post-HIM, the Bermudian reinsurer revealed, as it disclosed its fourth-quarter results.
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Investor allocations to the ILS sector could increase in 2018 after capacity was quickly replenished following last year's losses, JLT Re said today in its Reinsurance Market Perspective report.
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Leadenhall Capital Partners is representing some of the key backers of Australian start-up life insurer Integrity Group, which has raised more than $165mn to support its launch
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Stone Ridge Asset Management invested $325mn into a new Mt Logan Re vehicle at the end of October in the first of its post-event fundraising commitments, according to regulatory filings from the Stone Ridge Interval fund.
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Gerber Taylor's ILS strategy has grown by 52 percent year-on-year, with funds raised now at $229.26mn, a Securities and Exchange Commission (SEC) filing shows.
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A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll
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The market's leading ILS managers grew their assets under management (AuM) by almost 10 percent in the second half of 2017, highlighting the ease of the post-loss reload
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Run-off specialist Armour has been bought by private equity house Aquiline, sister publication The Insurance Insider has reported
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A theme of the renewal is the ILS market's success in quickly and effectively reloading, allowing it to trade forward immediately post-loss despite significant claims and locked capital.
