Axis said it would combine its ceded reinsurance operations and third-party capital business into a single department as it announced a broader restructure.
Assets under management (AuM) controlled by the top 10 ILS firms reached $64bn at the start of 2018, as Markel said that Markel Catco's asset base reached $6.1bn and as Credit Suisse Asset Management posted $8.8bn of assets.
Aspen increased the amount of third party capital it has under management to $550mn at this year's renewals, up 20 percent from the same period in 2017.
ILS spreads have widened in the mid-to-high teens range after last year's losses, Swiss Re Capital Markets estimated in its latest quarterly market report.
