ILS

CatCo Investment Management's chief operating officer and chief financial officer Jason Bibb has resigned with immediate effect, the London-listed firm announced on 12 December.

Prices on American Strategic's Gator Re cat bond dropped by roughly 10 percent in early December after the sponsor updated investors on its annual losses.

Zenkyoren is set to add $375mn of cat bond cover to its reinsurance programme after it increased the size of its latest deal from $200mn, sister publication Trading Risk reported last week.

The sale of an aviation broking subsidiary last week to rival JLT Group should enable Towergate to make the £31mn in Q1 coupon payments that are due to bondholders of its £1bn debt mountain.

Reinsurers looking to emerging risks such as cyber in order to grow and diversify books of business in the face of soft market pressures should be wary of underwriting perils they do not understand, according to Jed Rhoads, president and chief underwriting officer of Markel Re.

CatCo Investment Management's chief operating officer and chief financial officer Jason Bibb has resigned with immediate effect, the London-listed firm announced this morning (12 December)

Nephila Capital has taken a $19mn stake in Universal Insurance Holdings (UIH), which the Florida-based insurer says will allow it to further reduce its use of quota share reinsurance.

American International Group (AIG) has lifted the target size of its new Tradewynd Re cat bond deal from $300mn to $500mn, sister publication Trading Risk has reported.

Investor demand for Amlin's new high-risk Tramline Re II cat bond led pricing on the deal to fall by 5 percent, sister publication Trading Risk reported last week.

Steadfast acquisition; eSure buys Gocompare; Quindell appoints PwC; Integro adds Morgan; Generali appoints Cattaneo; Nelson in Bermuda; Reinsurance returns fear; US commercial rates steady; Aspen recruits; Skuld hires Stallard; Pioneer appoints FI head; AJG buys Blue; Windstorm Xaver; McLoughlin joins Suncorp; ArgoGlobal appoints; Berger adds Wafer; Citizens slashes exposure; AFG's special divi; XL appoints Pitt Normal

UK government-backed terrorism mutual Pool Re will buy around £1.5bn in private market retrocessional protection for the first time, using the traditional reinsurance market for support, The Insurance Insider understands

Lloyd's (re)insurer ups it stake in ILS fund manager to 75 percent