ILS

Michael Millette's start-up asset manager Hudson Structured Capital Management has lined up funding from Blackstone for a 1 April launch of its reinsurance and transport finance funds, sister publication Trading Risk revealed last week.

UK government-backed terrorism mutual Pool Re has expanded its retrocessional protection to £1.95bn of limit in excess of a £500mn retention, The Insurance Insider can reveal.

The UK Treasury is seeking feedback on its initial proposals for an insurance-linked securities (ILS) regulatory framework that it hopes will attract more ILS business to be domiciled and transacted in London.

Everest Re sidecar Mt Logan Re has appointed Martin Burke as its new chief financial officer.

Markel Catco has appointed Mark Way as chief operating officer with immediate effect, the company announced last week.

Lancashire's Kinesis third-party vehicle shrank slightly for 2016, the company's head of investor relations Jonny Creagh-Coen told sister publication Trading Risk last week.

Markel Catco has appointed Mark Way as chief operating officer with immediate effect, the company announced today (16 February).

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.

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.

With Enstar and UBS O'Connor's Aligned Re vehicle poised to become the fifth launch in just two years, another total return reinsurance start-up is set to roll off the conveyor belt despite the model's failure to fully prove itself to date.