ILS

Nephila Capital co-founder Frank Majors has said that reinsurers should act as transformer vehicles and offer traditional indemnity reinsurance at the front while issuing index-based products out the back to tap into the benefits of the rising convergence market

The non-life cat bond market saw a total issuance volume of $1.45bn during the third quarter and is now at a record $17.9bn in terms of outstanding capacity, according to Munich Re's latest Q3 market review

AIG's chief reinsurance buyer Samir Shah has criticised the plethora of advisers required for a typical cat bond transaction, in a speech that may offer some succour to traditional reinsurers feeling the competitive squeeze from alternatives

AIG's chief reinsurance officer Samir Shah said the carrier's reinsurance revolution has been motivated by the radical changes at the business over the last few years.

The global (re)insurance industry should look to deploy its excess capital by widening the insurance market and meeting customer needs with profitable new products, a high-ranking panel of industry executives told the Guy Carpenter Baden-Baden Reinsurance Symposium yesterday afternoon (20 October)

Comments by Nephila co-founder Frank Majors on investor return requirements are bad news for any carriers relying on "fat" US catastrophe profits, according to Keefe Bruyette & Woods analyst Chris Hitchings.

VisionRe has postponed its launch until next year after failing to find sufficiently attractive opportunities to deploy its capital, it said today (14 October).

Prominent members of the London (re)insurance community have described collateralised insurance-linked securities (ILS) as extremely dangerous and a huge threat to the London market.

Last week we held one of our regular London 100 roundtables attended by senior executives drawn from a cross-section of the London market.

If the convergence community was fed up with being talked about at the Monte Carlo Rendez-Vous, the annual Trading Risk roundtable was its chance to be heard

Nephila co-founder Frank Majors told a Lloyd's audience today (9 October) that alternative capital providers have a sustainable cost advantage over rated carriers in providing cat cover, as he critiqued the mentality among reinsurers of keeping "capital as hostage"

Monte Carlo swung round once again and, if anything, it seemed to be busier than ever this year, with standing room only in the Cafe de Paris and the surrounding hotel lobbies for most of the time