ILS

RenaissanceRe bought a new $180mn retro cover for its Florida book in the second quarter to protect against frequency and lower-level cat events within the state

Brian Duperreault's Hamilton Insurance Group made a bid for Ariel Re, the Lloyd's business sold to Brazilian bank BTG Pactual last month, as it continues to be frustrated in its M&A ambitions, The Insurance Insider can reveal

Lancashire expects to have an additional $160mn of limit to deploy through its Kinesis sidecar in the 1 January 2015 renewals compared to the amount it had in January 2014, the firm said after its Q2 results were released last week.

Nephila Capital has signed a partnership with State National Companies that will provide the fund manager with $400mn of premium capacity for 2015 and 2016, sister publication Trading Risk reported last week.

Marsh and McLennan (MMC) UK employees enrolled in the firm's defined benefits pension fund will be transferred into a new defined contribution arrangement at the end of this week (1 August) following a long consultation period.

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Sportscover's loss-making Lloyd's operation is set to be auctioned off by the Nash family after its proposed sale to Flagstone founder Mark Byrne collapsed, The Insurance Insider can reveal.

Allstate halved the top traditional layers of its nationwide catastrophe reinsurance programme for 2014 after placing the $750mn Sanders Re cat bond this year, according to recent disclosures from the insurer.

Four of the top 10 specialist insurance-linked securities (ILS) managers kept their assets under management (AuM) stable in the first half of 2014, but the group of leading capital providers still added $2bn to its circa $38bn combined asset base.

Allstate has purchased a new one-shot "buffer layer" of reinsurance that will sit around its Sanders Re cat bonds after shedding more than $250mn of top-layer limit from its traditional nationwide reinsurance programme for 2014.

A UK High Court judge has told listed Lloyd's carrier Novae that it cannot avoid a facultative retro claim stemming from the 2011 Thai floods.

Insurance-linked securities (ILS) fund manager Stone Ridge Asset Management has signed up for more private quota share vehicles over the past quarter as it has built up a total of $1.8bn of assets under management in reinsurance funds, sister publication Trading Risk reports.