ILS

Pine River Re is still bogged down in discussions with AM Best in its bid to secure an essential A- rating several weeks after a crunch meeting with the agency that was expected to deliver a verdict on the start-up's application, The Insurance Insider understands.

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At £45bn+, London is almost twice the size of Bermuda - its nearest competitor market. But it is facing growing competition from both established and new competition...

Everest Re is set to close its new Kilimanjaro Re cat bond at $500mn, which would top its previous record for the largest ever insurance-linked securities (ILS) transaction completed by a reinsurer, sister publication Trading Risk has reported.

Writing too many multi-year contracts could lead Standard & Poor's (S&P) to reassess a reinsurer's competitive position, the ratings agency has warned.

A trio of PwC insurance partners are launching Vario Partners to advise pension funds and other long term capital market investors on direct exposure to insurance risk

Hedge fund reinsurer Watford Re has made a good start in 2014, with the volume of premiums written set to exceed $400mn by the end of the underwriting year.

Validus subsidiary AlphaCat is marketing a new low-fee cat bond fund - BetaCat - that will pursue a passive tracker strategy, sister publication Trading Risk understands

All three of the top Japanese insurers are set to be active in the ILS advisory sector, as Mitsui Sumitomo and Sompo's asset management subsidiaries prepare to follow their peer Tokio Marine into the business

Axis has paired up with alternative investment powerhouse Blackstone to build a "hedge fund reinsurer" being likened to Arch-Highbridge joint venture Watford Re, The Insurance Insider understands

PwC insurance partners Bryan Joseph and James McPherson will join their former colleague Quentin Moore in launching a new advisory firm that will capitalise on the growing interest of long-term capital market investors in insurance risk

Everest Re has launched a Kilimanjaro Re quake-only cat bond, marking its return to the ILS market following its debut $450mn issuance in April.