ILS

Willis Capital Markets & Advisory (WCMA) executive Jarad Madea is set to join reinsurance broker TigerRisk, the intermediary announced yesterday (29 June).

Aspen Re has recruited Deutsche Bank executive James Lee to work in its $185mn capital markets unit, sister title Trading Risk reported last week.

State-owned carrier China Re is poised to launch the first Chinese earthquake catastrophe bond, Panda Re, which is targeting $50mn in cover, sister title Trading Risk revealed last week.

Retro market leader Catco Investment Management, which was recently placed up for sale, could fetch around $300mn, according to analysis by sister publication Trading Risk.

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.