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
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
