Third-largest ILS fund reaches $5.5bn

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.
LGT now trails the second-largest specialist
ILS manager, Credit Suisse Asset Management, by $1bn.
This constitutes an increase of 6 percent since
the last reported figure of $5.2bn in Q4 2015, slowing the
manager's pace of growth after it took in more than $1bn of new
capital in the fir