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Pillar Capital investment value up for Alleghany in Q4, but return drops

The carrying value of insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investments in specialist ILS manager Pillar Capital and its ILS funds increased in the last quarter of the year.The value of Alleghany and reinsurance subsidiary TransRe’s investments in ILS manager Pillar read the full article →

Value of Alleghany’s investment in ILS manager Pillar Capital rises again

The value of insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe's investments in specialist ILS manager Pillar Capital's ILS funds increased during the third-quarter, while at the same time positive income continued to flow from the ILS operations.Net investment income reported by Alleghany from its equity read the full article →

Pillar Capital investment income ramps up in Q2 2016 for Alleghany

The amount of investment income recorded from insurance, reinsurance and financial services group Alleghany Corporation's equity stake in the results of specialist ILS manager Pillar Capital ramped up again in the second-quarter of 2016.Following a decline in the profit contribution reported by Alleghany in the first-quarter, from its investment and read the full article →

Pillar Capital investment income drops for Alleghany in Q1 2016

Insurance, reinsurance and financial services group Alleghany Corporation has reported a year-on-year decline of over 50% in the amount of investment income recorded from its equity stake in the results of ILS manager Pillar Capital.After a 2015 full-year result which saw the profit contribution from its investment and strategic partnership read the full article →

Alleghany investment income from ILS manager Pillar Capital up

Insurance, reinsurance and financial services group Alleghany Corporation continues to see year-on-year increases in the investment income from ILS manager Pillar Capital, as the profit contribution it receives from the insurance linked asset manager grows.The profit and investment income shared by insurance and reinsurance linked securities manager Pillar Capital to read the full article →

ILS manager Pillar Capital’s profit shared with Alleghany drops in Q2

For the first quarter in a while the profit contribution made by insurance and reinsurance linked specialist asset manager Pillar Capital to Alleghany Corporation declined year on year, with Q2 seeing just $1m booked.Over recent quarters the profit shared by ILS manager Pillar Capital to Alleghany has been growing steadily, read the full article →

Petra Haven wins ILS sub-advisory mandate from Verity Asset Management

Petra Haven Capital LLC has won a sub-advisory mandate for insurance-linked securities (ILS) investments from Verity Asset Management, Inc., a Durham, North Carolina based asset manager and registered investment adviser.Petra Haven, founded by Brad Chance in 2012, launched as one of the few U.S. domiciled ILS managers, based in Charlotte, read the full article →

Alleghany profit from ILS relationship with Pillar Capital up in Q1

Year-on-year, insurance and reinsurance holding company Alleghany Corporation saw an increased Q1 profit contribution from its investment and strategic partnership in insurance and reinsurance linked specialist ILS asset manager Pillar Capital.Alleghany gained a stake in Pillar Capital when it acquired Transatlantic Holdings, including the property and casualty reinsurer TransRe, in read the full article →

ILS manager Pillar Capital’s contribution to Alleghany slows in 2014

The contribution that an investment and strategic partnership in insurance and reinsurance-linked specialist ILS asset manager Pillar Capital provided to re/insurance holding company Alleghany Corporation’s results slowed in the second-half of 2014.Having begun the year strongly, with a doubling of investment income received thanks to its equity stake in insurance-linked read the full article →

DCG Iris investors approve winding up of ILS fund

The London Stock Exchange listed shares of the DCG Iris London-listed insurance-linked securities (ILS) fund will soon be no more, after its investors approved a proposal to wind-up and liquidate the ILS fund's assets today.As we wrote earlier, DCG Iris' shares had been suspended from trading on the exchange read the full article →