ILS

Aon Benfield co-CEO Dominic Christian believes that growth opportunities within the catastrophe excess of loss market could lie in capturing a greater share of the business currently served by government-backed insurance schemes.

Former Hardy Underwriting executive David Carson will lead a new property catastrophe reinsurance division at managing general agency (MGA) Pioneer Underwriting

Reinsurance stocks could become less attractive to investors as growing competition and "creative destruction" from the insurance-linked securities (ILS) market erodes traditional reinsurers' earnings, according to analysts at Goldman Sachs.

The impact of the latest RMS Atlantic hurricane model on (re)insurers remains uncertain

French reinsurer Scor is looking to raise $125mn of cover against extreme mortality risk in the US by issuing a new cat bond under its Atlas series.

Independent broker BMS is looking to expand into the insurance-linked securities (ILS) market by broking catastrophe bonds and other capital market products.

P&C reinsurers are being both "defensive and offensive" as they scramble to build a track record in third-party management in response to the wave of capital markets capacity entering the sector, according to AM Best.

A collateralised reinsurance deal for the Texas Windstorm Insurance Association (TWIA) has resulted in the debut bond issuance from service company Kane's private cat bond platform.

Qatari-backed collateralised reinsurance fund Catco now has a 20 percent share of the retro market, according to the London-listed firm.  

As we enter the peak North Atlantic windstorm catastrophe season there was a noticeable decline in the probable maximum loss (PML) estimates for major catastrophe events reported by a number of (re)insurers in the second quarter.

Japanese mutual insurer Zenkyoren has returned to the cat bond market with a new $150mn earthquake offering, sister publication Trading Risk has revealed.

Lloyd's members' agent Argenta has raised the fundraising target for its new investment vehicle VisionRe to £50mn as it seeks to capitalise on interest in the world's oldest insurance market, according to an investor memorandum obtained by The Insurance Insider