ILS

European reinsurers are positioned to perform in line with expectations despite the tough rating environment, according to AM Best

The (re)insurance industry is in danger of missing out on opportunities if it becomes too fixated on battling with alternative capital, Swiss Re CEO Michel Liès has warned

Industry loss compiler Property Claims Services (PCS) has declared Q3 2014 the quietest third quarter in the past ten years.

Traditional players in the reinsurance industry must become more consumer-focused if they are to respond to the threat of alternative capital providers, Ace's European president Andrew Kendrick has warned

Aon Global Re Specialty estimates show that trading of US-linked industry loss warranties (ILWs) by volume dropped about 10 percent year-on-year in the first half of 2014.

Validus subsidiary AlphaCat is set to add a new passively managed cat bond-only fund to its suite of products, sister publication Trading Risk understands.

State-backed UK flood reinsurer Flood Re has released a tender to appoint a retrocession broker, according to UK trade body the Association of British Insurers

Stone Ridge Asset Management allocated $30mn to Bermudian retro writer Aeolus and another $30mn to Everest Re's Mt Logan Re sidecar ahead of the mid-year renewals, according to the latest quarterly reports from the US fund manager.

A dispute over a $100mn cat bond payout to US insurer American Family Mutual Insurance for 2011 tornado losses was dismissed by a New York district court late last month

Alternative capital could take a 50 percent or greater share of global property cat limit in the future as the insurance-linked securities investor base continues to grow, according to Fermat Capital managing principal Brett Houghton.

Medium-sized insurance intermediaries are increasing seeking to diversify their income streams by venturing into new business areas, including employee benefits consulting, senior broking sources have told The Insurance Insider.

The Africa Risk Capacity (ARC) agency has revealed plans to set up a multi-year platform targeting over $1bn in issuance of African climate change catastrophe bonds over the next 30 years.