ILS

Property cat rates are under pressure, as the 1 June Florida renewals demonstrated, and the blame is being directed at alternative capacity

Sharon Binnun, the chief financial officer of Citizens Property Insurance Corporation, is leaving the firm after six years in the role.

Germany-headquartered insurance holding company Talanx has disclosed net losses from the recent Central European floods as less than EUR250mn.

Swiss investment manager Twelve Capital has increased its total assets under management (AuM) to almost $2bn after agreeing to take over the management of Falcon Private Bank's insurance-linked securities (ILS) funds.

The new capital lured by the relatively high returns of the catastrophe reinsurance sector could be around longer than some market watchers expect, according to Guy Carpenter's head of global business intelligence David Flandro.

Private equity heavyweight Apollo is not convinced that the reinsurance pricing cycle has been altered by the rise of the alternative market and has questioned whether now is the right time to move into the insurance-linked securities (ILS) management sector, according to sources.

Four new cat bond offerings have been launched in the past 10 days as sponsors continue to take advantage of the strong appetite among investors for securitised catastrophe reinsurance risk. We look at all the bonds in the pipeline, together with 2013 issuance to date...

We analyse all the major capacity changes on the Citizens' 1.6 programme...

Tokio Solution Management and GC Securities have launched a new platform designed to help smaller insurers source capital markets reinsurance capacity by issuing streamlined private cat bonds.

Bermudian (re)insurer Axis Capital is set to start buying retro after having previously been a net writer, the firm said.

The new capital lured by the relatively high returns of the catastrophe reinsurance sector could be around longer than some market watchers expect, according to Guy Carpenter's head of global business intelligence David Flandro.

RenaissanceRe CFO Jeff Kelly has told investors that the reinsurer's optimal position is to deploy both shareholder and third-party capital, although balancing the two comes with a trade-off