February 2016/3

The third-largest insurance-linked securities (ILS) fund manager LGT increased its assets under management (AuM) by $300mn to reach $5.5bn in February, the company told sister publication Trading Risk last week. Normal 0

The start-up from Validus Re co-founder George Reeth announced last week highlights an increased focus on the opportunities in sourcing and delivering risk rather than bearing it.

The sharp drop in Navigators' share price after last week's results reflected a nervousness around the macroeconomic environment and the broader sector rather than investors' view of the business, according to group CEO Stan Galanski.

Alliant has "decimated" Aon's San Jose office in a mass team raid that has again seen the US broker come to blows with its larger global rival.

The Hartford is building out a new platform to service the international requirements of its US commercial insureds with overseas exposures, The Insurance Insider can reveal.

Willis Re is suing its ex-chairman Peter Hearn and his brother David Hearn, formerly an executive vice president, for $3.6mn after the pair resigned last year.

IFG Companies has parted company with president Lou Levinson after less than 18 months, The Insurance Insider can reveal.

Fosun's M&A spree is likely to slow in the coming months as the acquisitive Chinese conglomerate faces up to a number of challenges, according to multiple banking sources.

Three years ago Enstar was a pure-play legacy carrier. By April it will be a diversified legacy and live business with a specialty insurer, a Lloyd's quasi-MGA play and a major share of a total return reinsurer, in addition to one of the biggest legacy franchises in the world.

Total return reinsurance start-up Aligned Re will initially draw all of its live business from Enstar's operating subsidiaries StarStone and Atrium, according to its fundraising presentation.

Total return reinsurance start-up Aligned Re will generate a significant portion of its float from legacy reinsurance transactions, but will benefit only modestly from the favourable run-off of the underlying portfolios.

Total return reinsurance start-up Aligned Re would have delivered an annualised return on equity (RoE) of 14.7 percent from 2000 to 2015 solely from its investment portfolio if it had been in existence and at full scale, according to the investor presentation obtained by The Insurance Insider.