investment manager

The contribution made to insurance and reinsurance holding company Alleghany Corporation’s results by its investment and strategic partnership in insurance and reinsurance-linked ILS investment manager Pillar Capital has grown year on year.

Alleghany Corporation, the insurance and reinsurance holding company, is building out its capabilities in alternative reinsurance capital and insurance-linked securities with the help of its subsidiary TransRe and its investment in an alternative asset manager.

Nephila Capital, the insurance-linked securities and reinsurance-linked investment markets largest asset manager, passed $10 billion of assets under management at the end of 2013, according to KKR & Co. L.P. (Kohlberg Kravis Roberts) executives.

The DCG Iris insurance-linked securities (ILS) fund, marketed, run and operated by Dexion Capital with the Credit Suisse ILS unit providing ILS asset management and listed on the London Stock Exchange, returned 2.2% from 1st June to 30th November 2013.

When KKR & Co. L.P. (Kohlberg Kravis Roberts) acquired a 25% stake in the largest asset manager in the insurance-linked securities (ILS) and reinsurance sector, Nephila Capital, it was clear this was good for Nephila and it’s also proving very good for KKR.

The largest institutional asset manager in the ILS and catastrophe reinsurance-linked investment sector, Nephila Capital, has today named Adam Beatty as the Active Underwriter for its Lloyd’s of London syndicate 2357, as from 1st January 2014.

The appeal of reinsurance and insurance-linked securities (ILS) as an alternative asset class continues to grow among multi-asset fund managers. These funds provide diversified ways to invest across multiple asset classes, and reinsurance is increasingly popular due to its low-correlation.

The DCG Iris insurance-linked securities fund, marketed and operated by Dexion Capital with Credit Suisse providing ILS asset management and listed on the London Stock Exchange, is now just under £7.7m larger after the completion of its latest share placement.

The launch of Nephila Syndicate 2357, the first Lloyd’s of London syndicate backed by an insurance-linked securities (ILS) manager, underlines the Lloyd’s re/insurance markets commitment to engage with new sources of capital, according to a report from Aon Benfield.

In this series of interviews with investment managers from high-profile insurance-linked strategies (ILS) funds, collateralized reinsurance entities and reinsurance-linked investment firms, we hope to reveal details of the individual manager’s experience and the firm’s investment strategy. The latest in this series is Dexion Capital.