Trading Risk January 2018

Nephila Capital's equity investment in new managing general agency (MGA) Volante Global will not see its ILS funds taking on any underwriting risk sourced by the start-up, but the catastrophe specialist has not ruled this out in the future

The recent launch of Lumen Re means the top three ILS fund managers now have in-house access to rated paper, highlighting the continuing convergence of the ILS and reinsurance markets

Cat bond volumes reached $11.1bn in 2017, according to Trading Risk records, as new sponsors Validus Re and Covea wrapped up fourth quarter deals in a record year for issuance

I took a three-week holiday in the sun in December - not the sort of thing you want to go bragging about in the reinsurance market when many people are working late nights in the run-up to the 1.1 renewals

ILS broker-dealers are expecting another $10bn issuance year for the cat bond market, as (re)insurance buyers seek to manage post-loss pricing adjustments

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

William Hardcastle will be leaving Twelve Capital's London office after joining the firm in 2015 as head of equity strategy, according to sources.

Leadenhall Capital Partners has hired Amee Karlstrom as a funds operations analyst. She has three years' experience in the back office operations at First International Group.