ILS

The Eurekahedge ILS Advisers index gained 5.38 percent in 2014, down almost a third from the 2013 return of 7.61 percent.

Florida's Citizens is aiming to increase its risk transfer to the private reinsurance market from $3.27bn to $4.05bn for 2015, The Insurance Insider can reveal

Catlin and Scor have launched the first non-life catastrophe bonds of 2015 through two higher-risk deals, sister publication Trading Risk reported last week.

The top 10 ILS funds lifted their combined assets under management by 11 percent throughout 2014 to reach $40bn at 1 January 2015, according to the latest Trading Risk survey of ILS investors.

Australian carrier QBE is set to sell Deep South, SIU and Community Association Underwriters (CAU) to Alliant for more than $100mn less than it paid to acquire the firms, according to data collated by The Insurance Insider.

The challenges faced by hedge fund reinsurers in the current investment climate came under the spotlight last week, adding fuel to the debate over the efficacy of the model.

Apollo Global Management, the multi-strategy investment heavyweight, is close to acquiring Chaucer's $300mn UK motor book and has hired the former Giles CEO Brendan McManus to lead the venture, The Insurance Insider can reveal.

The continued presence of alternative capital could force a number of traditional reinsurers to merge or cease to exist, according to Fitch Ratings

Ratings agency AM Best has put PaCRe's A- financial strength rating under review with negative implications after the carrier revealed a shortfall in its overall performance compared to its business plan

Hiscox said that assets under management in its Kiskadee funds management division had grown to more than $400mn at 1 January, up from $110mn at the start of 2014.

Data from Lane Financial showed that the average insurance-linked securities (ILS) spread is now 2.36 percent above a 2.24 percent expected loss - the thinnest margin since the company began tracking records in 2002. 

CatCo recorded 14 percent growth in net asset value (NAV) last year for its London-listed fund, even after reserving for a small US storm loss.