ILS

Carriers perceived to be overweight in property cat lines of business were sold down at the end of the second quarter following the rate reductions seen at 1.6

In a positive development for traditional and non-traditional writers of US cat, Florida's state-backed insurer has made a strong statement of intent indicating that it will continue buying reinsurance heavily in the private market.

In the wake of Amlin's $75mn cat bond, we track the history of Lloyd's insurers' involvement in securitising risk with the capital markets - from Thunderbird Re onwards...

The vibrant ILS market is on course to beat the 2007 record of $7.2bn as investor demand continues to drive down pricing

The three largest ILS fund managers are turning away investors as the clamour from pension funds and other managers to invest in cat reinsurance continues

US insurer expands its 2013 reinsurance programme by 20 percent at the 1 July renewals to keep the cover in line with its growing cat exposure

Munich Re has raised $75mn of protection against US windstorm and Australian cyclone risk through its latest cat bond issuance, broker Guy Carpenter said today (3 July), confirming details first reported by our sister publication Trading Risk last month.

"Hot money", excess supply and the growing trend for exclusive broker facilities is making it increasingly difficult for underwriters to maintain their share of attractive business, warned Peter Haynes, the managing director of ANV's Lloyd's operation

Lloyd's insurer Amlin has secured $75mn of cover against US and Canadian earthquake risk through its new cat bond, Tramline Re II

Investors think that property catastrophe reinsurance rates could slide by 10-15 percent at the 1 January 2014 renewals while commercial insurance pricing might rise by up to 5 percent, according to a survey by Macquarie analysts

Hiscox used its newly launched Bermudian special purpose insurer Kiskadee Re to complete several collateralised reinsurance transactions at the June renewals

Judy Klugman was named the Outstanding Contributor of the Year at the Trading Risk Awards 2013, held at London's Globe Theatre last week.