ILS

Summerhayes leaves Suncorp; Perils hikes Mike-Niklas loss; Dual heads east; Towergate's £804mn loss; Weaver for Willis; Diversification credit for Bermuda; Canadian combinations; M&A to Marketform; Collateralised reinsurance; Aspen Re for Lee; IAG appoints deputy chair; Panda Re born; Loss of Liberty; Amlin sparks Formula E judgment; Ross trial delay; Wheeler leads parliamentary group; Lockton for Lockton; Chedid Re registers; Dual Aussie marine hire; UK broker fee increase &am

A rise in interest rates could not happen quickly enough for the (re)insurance industry, according to Lloyd's director of finance John Parry.

Senator Ron Wyden has introduced a bill aimed at preventing offshore tax avoidance by some US hedge fund reinsurers

XL Catlin chief experience officer Paul Jardine said the (re)insurance industry is currently facing a "perfect storm" but that the Lloyd's and London market would be able to reinvent itself.

The owners of Catco Investment Management have been working with Willis Capital Markets & Advisory on selling all or part of their stakes in the retro-focused insurance-linked securities (ILS) manager, sister publication Trading Risk revealed earlier today

Italian carrier Generali and Florida takeout insurer Heritage Insurance were two of the winners at the Trading Risk 2015 awards held in London last week.

A trio of collateralised reinsurance writers took a $156mn share of the $1bn Florida Hurricane Catastrophe Fund (FHCF) placement.

Credit Suisse Asset Management's Niklaus Hilti said that rates on the insurance-linked securities (ILS) market moving into "quite stable ground" provides a good indication of the reinsurance market's likely direction.

Richard Brindle will not look to establish a platform to underwrite on behalf of third-party capital until market conditions improve, the entrepreneur told The Insurance Insider, as start-up Fidelis started writing on its own balance sheet.

Few joins Amlin; Hiscox appoints Worth; Hannebert quits CCR; New Zealand floods; Markel appoints; Endeavour team joins Ropner; Allstate cat losses; Axis bid doubtful; IGI UK hires Curtis as CFO; Willis cyber reboot; Besso dual promotion; Creasy joins Charles Taylor; R&Q modest loss; RenRe the largest FHCF reinsurer; Political risk capacity $2.4bn; Tech threat: Duperreault; Beale defends broker model; Rowan's return; Bill causes death; Channel hires; ‘Controlled softening' due:

Former Aspen Re CEO James Few has been announced as the new global managing director of Amlin's reinsurance division from 1 August

Reinsurers are set to see "controlled softening" in the market following a slowdown in rate declines during the June renewals, according to Credit Suisse's head of insurance linked strategies Niklaus Hilti.