ILS

May could be one of the costliest months ever for auto insurers in Texas after extensive flooding in the last week of the month.

Reinsurance broker Joanna Buckenham has joined Lloyd's as a representative on the insurance-linked securities (ILS) working group assembled by the London Market Group (LMG), The Insurance Insider revealed on 2 June

The Canada Pension Plan Investment Board (CPPIB) has taken a 9.9 percent stake in legacy (re)insurer Enstar, buying out private equity firm First Reserve.

Florida Citizens Property Insurance said that a significant drop in rates for its commercial non-residential (CNR) portfolio helped it expand its 2015 reinsurance programme for the same budget as last year.

In theory the different realms of insurance have no need to overlap

Reinsurance broker Joanna Buckenham has joined Lloyd's as a representative on the insurance-linked securities (ILS) working group assembled by the London Market Group (LMG), The Insurance Insider can reveal.

The Canada Pension Plan Investment Board (CPPIB) has agreed to buy a 9.9 percent stake in legacy (re)insurer Enstar from private equity firm First Reserve

The London Market Group (LMG) has convened a taskforce that will work to attract more ILS business to the UK after Chancellor of the Exchequer George Osborne pledged this as a target in this year's Budget.

Credit Suisse Asset Management is preparing to launch a second rated reinsurance entity less than a year after it helped establish Kelvin Re.

Nephila jumped from fifth to second place last year in the ranks of reinsurers assuming business from the top 10 Florida residential insurers, according to data collected by Trading Risk.

American International Group (AIG) has increased the target size of its parametric Compass Re II cat bond by $100mn to $300mn, sister publication Trading Risk reported last week.

RK Harrison's head of political risk and structured credit Richard Coulson has resigned to join Richard Brindle's start-up carrier Fidelis, as the Lancashire founder continues to assemble his team, The Insurance Insider can reveal.