ILS

Softening market conditions prevailed in many specialty lines in 2014, despite loss activity and volatility in sub-segments such as airlines hull and liability, accord to Marsh's latest report on the commercial insurance sector.

Scor and Catlin both closed relatively high-risk cat bonds last week, sister publication Trading Risk reported.

Everest Re raised an additional $270mn of capital for Mt Logan Re at 1 January, as the reinsurer slowed down its rate of top-line growth during the recent renewals.

Towergate's secured and unsecured creditors have signed a debt for equity swap in a deal that will see £375mn injected into the ailing UK broker.

Mike Millette, the most senior insurance-linked securities (ILS) professional at Goldman Sachs, will leave the investment bank at the end of the month.

Mike Millette, the most senior insurance-linked securities (ILS) professional at Goldman Sachs, will leave the investment bank at the end of the month

Stephen Catlin has claimed that process costs pose the biggest challenge for the reinsurance sector

Private insurers could need $1.5bn+ new limit as cat fund also considers risk transfer

The Eurekahedge ILS Advisers index gained 5.38 percent in 2014, down almost a third from the 2013 return of 7.61 percent.

Florida's Citizens is aiming to increase its risk transfer to the private reinsurance market from $3.27bn to $4.05bn for 2015, The Insurance Insider can reveal

Catlin and Scor have launched the first non-life catastrophe bonds of 2015 through two higher-risk deals, sister publication Trading Risk reported last week.

The top 10 ILS funds lifted their combined assets under management by 11 percent throughout 2014 to reach $40bn at 1 January 2015, according to the latest Trading Risk survey of ILS investors.