Hiscox

Kiskadee Investment Managers, the insurance-linked securities (ILS) and reinsurance linked investment strategies unit of Hiscox Re, has made a number of appointments as it builds out its team for the next phase of growth.

Insurance and reinsurance group Hiscox’s third-party reinsurance capital and insurance-linked securities (ILS) unit Kiskadee Investment Managers, has announced the launch of Cardinal Re Ltd., a new SPI platform, as well as an increase in ILS assets managed.

Assets under management for the Kiskadee ILS funds, operated by Hiscox Group’s third-party reinsurance capital and insurance-linked securities unit Kiskadee Investment Managers, have passed $540m as the ILS unit helped to drive growth in reinsurance.

The Kiskadee ILS funds, operated by Hiscox Group’s third-party reinsurance capital and insurance-linked securities unit Kiskadee Investment Managers, took advantage of diversification opportunities at the April renewals to grow its portfolios to over 300 positions.

For  insurance and reinsurance group Hiscox, premium income earned by its insurance-linked securities (ILS) unit Kiskadee Investment Managers is helping to offset reductions seen elsewhere in the business.

Bermuda-headquartered, London-listed insurance and reinsurance group Hiscox reported its preliminary results today, in which it said that it anticipates insurance-linked securities (ILS) assets under management at Kiskadee Investment Managers will reach $500m by mid-2015.

Bermuda-headquartered, London-listed insurance and reinsurance group Hiscox has grown its insurance-linked securities (ILS) assets under management at Kiskadee Investment Managers, the firms ILS investment management subsidiary.

Bermuda-based hedge fund strategy reinsurer Third Point Re has begun the process of closing its catastrophe investment fund, part of which involves investing in Hiscox’s Kiskadee ILS platform, with the first $5m having been invested on January 2nd.

Bermuda-based hedge fund strategy reinsurer Third Point Re is to close its ILS fund, the Third Point Reinsurance Opportunities Fund Ltd., folding some of its cat management resources and making an investment into Hiscox’s Kiskadee Investment Managers.

Bermuda-headquartered, London-listed insurance and reinsurance group Hiscox has announced two appointments to Kiskadee Investment Managers, Hiscox Re’s insurance-linked securities (ILS) asset management subsidiary.