ILS

Tony Ursano, chief executive of Willis Capital Markets & Advisory (WCMA), is leaving the big three broker, The Insurance Insider revealed earlier today (13 April).

Tony Ursano, chief executive of Willis Capital Markets & Advisory, is leaving the big-three broker, The Insurance Insider has learned.

Cat bond issuance has continued apace as two bonds ended a flurry of deals during the first quarter, sister publication Trading Risk reported.

Stone Ridge Asset Management controlled more than $3bn in insurance-linked securities (ILS) assets as of the end of January, up from $2.1bn three months earlier, sister publication Trading Risk reported.

The surge of reinsurance M&A activity may actually increase competition and extend underwriters' soft market woes, Willis Re has warned.

Aon Benfield published a positive message for reinsurers last week, predicting that demand for their product is expected to increase at the key mid-year renewals.

Fund management giant Nephila has hired Willis Re executive Phil Bowie, who is expected to help build its managing general agency (MGA) business and its strategic investments in carriers, The Insurance Insider revealed yesterday (6 April).

Fund management giant Nephila has hired Willis Re executive Phil Bowie, who is expected to help build out its MGA business and its strategic investments in carriers, The Insurance Insider can reveal.

Aon Benfield has been appointed sole broker for the Florida Hurricane Catastrophe Fund (FHCF) as the state-backed reinsurer looks to take advantage of soft property cat pricing to transfer up to $2.2bn of risk to the private market, The Insurance Insider can reveal.

Demand for reinsurance is expected to increase at the key mid-year renewals as insurers look to use risk transfer to support growth opportunities, according to Aon Benfield.

The first two Florida cat bonds of 2015 have priced in the mid to upper levels of forecasts, sister publication Trading Risk has reported

Allstate is reconsidering its options for the seven-year Sanders Re cat bond after failing to gain sufficient investor interest within its initial targets, sister publication Trading Risk revealed last week