ILS

Richard Brindle, the founder and former CEO of Lancashire, got the market talking again last year when it emerged he was set to return with a new project, Fidelis

Nephila Capital was among the new participants on the reinsurance panel for the African Risk Capacity (ARC) initiative this year, the fund manager announced

Cat bond investors have successfully resisted attempts to broaden the terms and conditions of cover in the first half of 2015, according to Swiss Re Capital Markets' latest insurance-linked securities (ILS) market report

Nephila is building its own managing general agency (MGA) platform as it looks to provide capacity to take on peak zone accumulations of insurance risk from nationwide carriers and distributors, The Insurance Insider can reveal.

Ratings agency AM Best has downgraded its financial strength rating of PartnerRe in the wake of news that the reinsurer is set to be acquired in a $6.9bn deal with Italian investment house Exor.

Potential cat bond sponsors could benefit from investor demand for diversifying perils, new exotic risks and higher risk-return transactions, Munich Re said in its latest insurance-linked securities (ILS) market report.

The Turkish Catastrophe Insurance Pool (TCIP) has launched its second Bosphorus cat bond, sister publication Trading Risk reported last week.

Assets under management at the top 10 insurance-linked securities (ILS) fund managers increased by just under 2 percent during the first half of 2015, according to data published by sister title Trading Risk.

RPC acquires; AJG enters Colombia; Talbot hires Sonville; Mistry in the Channel; Low-sulphur fuel; Nangka kills 2; Walden joins Liberty; Temblors cost $150bn; Transformers spark more losses; Beazley raids Hiscox; Higher June cats; Romanian capital rumbles; Chan Hom loss; Asia-Pac storms; Marketform expands cargo; WCMA appoints Shea; IUA appointments

Total Q2 cat bond issuance came to just over $3bn in 2015, according to Trading Risk figures, which include life and non-life public 144A cat bonds as well as larger rule 4(2) cat bonds placed with numerous investors.

Swiss Re and Everest Re led an increase in participation from traditional reinsurers on the 2015 programme placed by Florida Citizens Property Insurance, sister publication Trading Risk reported last week.

Specialty insurer Assurant reduced its reinsurance spend by 25 percent year-on-year to $180mn at the 1 July 2015 renewals as its total per-occurrence property catastrophe coverage was scaled back from $1.77bn to $1.32bn