ILS

The carrier’s current total of $2.1bn has grown from $300mn at the start of 2015 and is up $100mn since the start of the year.

AIG took a $1mn investment loss from its $124mn holding in AlphaCat, whereas Pillar provided $3.3mn of investment income for Alleghany.

The Reinsurance Opportunities Fund has started a buy-back process after shareholders voted in favour of a run-off.

Australian carrier says spring events have also eaten into its calendar-year aggregate deductible.

Will Roscoe is taking on the newly created role, having been with the firm since 2011.

The latest quarter was the second-lowest Q2 for issuance volume in the past eight years.

The executive promises a broader managed funds vehicle, whose strategies will also differ from those of Nephila.

Kinesis deployed 50 percent more limit year on year while RenaissanceRe grew its DaVinci sidecar.

Last week, Markel said it was placing its retro fund manager Markel Catco into run-off, as part of a restructure that will see a fresh retro play brought to market for 1 January 2020.

CEO Michael McGuire says the decision reflects the stock's valuation.

The company is also placing its Markel Catco reinsurance fund into run-off.

I’ve been writing about (re)insurance for almost a decade now, initially for another London-based industry title, my memories of which are increasingly patchy.