ILS

AM Best has withdrawn its rating on Validus's hedge fund reinsurer PacRe at the company's request

Endurance bought $100mn of aggregate retrocession cover to protect its portfolio as it prepared for the Montpelier Re takeover, the firm revealed on its second quarter earnings call.

United Insurance Holdings worked with one of its reinsurance partners to source $90mn of third-party capital to set up a captive reinsurer when it renewed its 2015 reinsurance programme.

The latest Bosphorus cat bond from the Turkish Catastrophe Insurance Pool (TCIP) was oversubscribed and the transaction may double in size to reach $200mn, sources told sister publication Trading Risk last week.

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.