ILS
-
The impact of alternative capacity has again been demonstrated with the placement of the $200mn MetroCat Re bond by New York's Metropolitan Transportation Authority
-
The Bermuda Monetary Authority (BMA) registered 34 new insurers during the first half of 2013, up just over 40 percent from the 24 that set up in the same period last year
-
New capacity for cat bonds, collateralised reinsurance and industry loss warranties reached $4bn in H1 2013
-
Willis Capital Markets & Advisory (WCMA) predicts there will be $6bn-$7bn of non-life cat bond issuance for 2013, but says the record of $7.1bn set in 2007 could be exceeded if cat bond sponsors accelerate their plans.
-
The ramping up of planned permanent sidecar Mt Logan Re has been a "slow build", Everest Re president Dominic Addesso said on a second quarter earnings call.
-
(Re)insurers XL and Lancashire progressed their fund management platforms last week, with the former unveiling a partnership with Stone Point Capital
-
(Re)insurer XL has joined forces with private equity firm Stone Point Capital to form a new Bermuda-based company that will act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products.
-
The US government laid criminal charges against four subsidiaries of hedge fund SAC Capital Advisors in relation to insider trading offences in the Southern District Court of New York today (25 July)
-
Travelers kept the structure of its main $400mn catastrophe reinsurance programme stable at its July renewal, according to the firm's second quarter disclosures
-
Hedge fund SAC Capital, the investment manager and backer of start-up reinsurer SAC Re, could face criminal charges in the US after a long-running investigation into allegations of insider trading, according to reports
-
Blackstone Alternative Asset Management (BAAM) has launched a new alternatives-focused mutual fund and has selected leading insurance-linked securities (ILS) fund manager Nephila to act as one of the investment houses that will manage capital for the strategy.
-
Axis Capital has become the latest Bermudian reinsurer to debut on the cat bond market with its new $150mn Northshore Re offering, sister publication Trading Risk has reported.