investment manager

Nephila Capital, the largest manager of catastrophe and weather insurance and reinsurance linked investment funds, has had its application to transition to operating its own managing agency at Lloyd’s approved by the market Board and has announced a number of hires.

Catastrophe losses suffered from third-quarter hurricanes Harvey, Irma and Maria by specialist insurance and reinsurance linked ILS asset manager Pillar Capital are evident in the results of its stakeholder financial services group Alleghany Corporation.

Specialist insurance and reinsurance linked ILS asset manager Pillar Capital delivered slightly lower income to its stakeholder financial services group Alleghany Corporation during the second-quarter of the year, possibly a reflection of the lower available returns in reinsurance due to the softened market.

Insurance, reinsurance and financial services group Alleghany Corporation and its reinsurer TransRe’s ownership stake and investment in specialist ILS manager Pillar Capital and its ILS funds delivered an increased contribution to its quarterly results in Q1 2017.

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 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.

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.

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.

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.

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.