ILS

AM Best has given a B++ financial strength rating to Knighthead Annuity & Life Assurance Company, an annuity insurer launched by distressed debt investor Knighthead Capital Management.

Florida insurer Safepoint Insurance Company is sponsoring its first cat bond, Manatee Re, according to sources.

Allstate has launched a seven-year Sanders Re cat bond transaction as it seeks to push the boundaries of insurance-linked securities (ILS) investor appetite, sister publication Trading Risk reported last week.

Amwins' tie-up with Nephila Capital will add significant capacity to the US wholesaler and managing general agency (MGA)'s all-risk property offering to retail brokers, as well as further evolving its distribution model.

The tail end of the soft market cycle always seems to be when the reinsurance rulebook is rewritten. Here are three of the freshest new paradigms, minted only in March, along with the vehement affirmation of one very old and sturdy adage

Global insurance carriers may pick up the lead in the next phase of hedge fund reinsurance vehicles to emerge by following Ace-BlackRock in choosing to launch initially unrated companies, according to Enstar executive vice president Scott Maries.

Leading insurance-linked securities fund manager Nephila Capital is set to expand its presence in the insurance market after teaming up with US wholesaler Amwins to establish a follow-form underwriting facility.

Canopius investment hires; Olympus has fallen; Sandell joins MultiStrat; HCI in Q4 beat; US P&C rates; Atrium profits down; Wilson appointed CEO; Ace hires AIG exec; Lonmar builds casualty team with new hire; Google compares US motor; Admiral's profits fall; Aviva achieves solid growth; Heritage reports; New hires at Advocate; Soft market pressures for GCC; BMA's ‘uneasy' European relationship; XL's E&S adds primary auto

Reinsurance broker Capsicum Re has confirmed the hire of Neville Ching to lead its retro division and run its Bermudian operation, a move first revealed by The Insurance Insider in September 2014

Bermudian reinsurance sidecar Olympus Re Holdings is set to close after 14 years

Amwins has teamed up with Nephila Capital on a follow-form underwriting facility that will provide all-risk property capacity for business placed by the US wholesale broker, sister title Trading Risk revealed yesterday (4 March).

The current timeframe for developing a global insurance capital standard (ICS) will not change despite industry concerns, according to John Maroney, head of capital and solvency at the International Association of Insurance Supervisors (IAIS)