December 2017/2

The Financial Conduct Authority (FCA) has set an unrealistic deadline for a key fact-finding exercise that forms part of its wholesale insurance market study, the London & International Brokers' Association (Liiba) has argued.

Validus Re is targeting $325mn from its first cat bond, Tailwind Re, which is an annual aggregate transaction, according to Trading Risk sources.

The ILS sector could cover as much as 15-25 percent of insured claims resulting from this year's catastrophes, according to analysts.

Next year is on course to be the busiest since 2013 for start-ups at Lloyd's, following a swathe of approvals for both full syndicates and special purpose arrangements (SPA).

The development of the global InsurTech market is reaching a turning point and some high-profile start-ups will fail, delegates at InsiderTech New York heard last week.

US nationwide carriers recorded the largest net exposures to losses from the wildfires that struck California in October relative to the P&C industry's other peer groups.

Primary commercial pricing remained little changed in the US during the third quarter, according to two recent surveys.