ILS

The debut cat bond from Great American Insurance Company, Riverfront Re, priced below guidance last week, reflecting continued investor demand on the ILS market

The Insurance Insider's Data Room predicts that the 1.1 renewal rates squeeze will continue through 2014...

RenaissanceRe chief executive Kevin O'Donnell has said his organisation is agnostic over different forms and sources of capital and that the reinsurance industry should learn to evaluate the sale of reinsurance and the provision of debt or equity finance alongside one another.

The Florida Hurricane Catastrophe Fund (FHCF) appears to have shelved plans to buy up to $1.5bn of reinsurance cover for the 2014 hurricane season, sister publication Trading Risk has reported.

Lloyd's carrier Brit Insurance has set an indicative pricing range for its forthcoming flotation that could now take place inside of a fortnight, The Insurance Insider understands.

London-listed Catco Investment Management has today (17 March) launched a new reinsurance fund, Aquilo, which will write collateralised reinsurance perils and industry loss warranties.

State Farm is set to place $300mn of cat bond cover through its new Merna Re V deal, for which it will pay investors a coupon that is 20 percent lower than the rate for the same risk a year ago.

American Financial Group (AFG) subsidiary Great American is the second US insurer to turn to the cat bond market for the first time in 2014, following American Strategic's Gator Re issuance this month.

A panel of state reinsurance buyers at the Sifma ILS conference said that coverage concerns, not just price, draw them to alternative reinsurance solutions.

PartnerRe is looking to bring capital market investors onto its panel of crop retrocessionaires as they seek access to the crop market, sister publication Trading Risk has revealed.

Net probable maximum loss (PML) estimates for major catastrophe events came down significantly at 1 January 2014 compared to the year before, analysis by The Insurance Insider's Data Room has shown.

London-listed Catco Investment Management has today (17 March) launched a new reinsurance fund, Aquilo, which will write collateralised reinsurance perils and industry loss warranties.