ILS

Steven Cohen's hedge fund SAC Capital could face investor withdrawals of up to $3.5bn, or more than half the $6.75bn third-party capital it manages, according to recent reports.

Gen Re chairman and CEO Tad Montross said insurance linked securities (ILS) investors should question the idea that the asset class provides non-correlating returns, speaking at a Standard & Poor's insurance conference in New York last week.

Deutsche Bank is set to enter the insurance-linked securities (ILS) management sphere with a $100mn fund that will be led by managing director Michael Amor

With Axis Capital and Lancashire both adding to their capital market teams last week, The Insurance Insider traces all the major moves by P&C (re)insurers to build alternative reinsurance operations

After 11 years at the head of Axis, there is a widespread expectation that Charman will want to lure some of the team that he assembled there across to his new shop, but it is unlikely to include Jack Gressier, after his employment contract extension today

Writers of property catastrophe reinsurance are going to struggle over the next couple of years due to excess capacity and the deleterious impact of third-party capital

Cat modelling firm Eqecat is in talks on entering a data sharing agreement with AIR Worldwide after completing a similar deal with RMS

ILS funds tracked by the Eurekahedge ILS Advisers Index posted an average return of 0.83 percent in April as the sector continued a strong start to the year for returns

If further evidence was required of asset managers' current enthusiasm for catastrophe reinsurance, then the $275mn mandate that Leadenhall Partners won from the New Zealand Superannuation Fund late last month demonstrated it perfectly...

Florida insurers rated by AM Best now get 100 percent credit for coverage they buy from the mandatory layer of the state's cat fund, after the agency updated its assessment of exposure to the entity

The unabated growth of traditional reinsurance capital and the influx of non-traditional capacity set the backdrop for a buyer's market at 1 June that is set to extend to the end of the year and beyond...

In the past weeks we have highlighted some bearish developments for the traditional global speciality (re)insurance market