ILS

Bermudian carrier PartnerRe is the latest reinsurer to establish its own strategic sidecar vehicle with the launch of the $75mn Lorenz Re.

Reinsurers face a challenging year as margins come under increasing pressure from softening prices and competition from both traditional and capital markets rivals.

Traditional reinsurers are increasingly recognising the threat posed to their business models by capital markets, with more responsive carriers adapting first to the new reality, according to Willis Re

PartnerRe has joined the ranks of reinsurers to launch a strategic sidecar vehicle with $75mn multi-year Lorenz Re Ltd.

Montpelier Re will not invest any more of its own capital during the latest fundraising round for its Blue Capital Global Reinsurance Fund, Blue Capital Management CEO and president William Pollett has confirmed.

US insurer Nationwide Mutual has returned to the cat bond market while the North Carolina wind pools more than doubled the size of their hurricane cat bond on the back of high investor demand and low pricing, sister publication Trading Risk understands.

Property Claims Services (PCS) has allayed fears of further creep on the bulk of Sandy claims as it reiterated its previous $18.75bn industry loss figure.

Ace European Group chairman Andrew Kendrick warned the London market that (re)insurers need to concentrate on building a culture of "sustainable underwriting" if it is to tackle the "permasoft" market conditions and economic headwinds that continue to dampen growth in many regions.

Strong investor demand and relatively constrained supply has sharply pushed down pricing on Florida Citizens' Everglades Re (2013-1) cat bond, our sister title Trading Risk has reported.

Property Claims Services (PCS) has released a scheduled update to the market in which it reiterated its previous industry loss figure of $18.75bn for Superstorm Sandy

Strong investor demand and relatively constrained supply has sharply pushed down pricing on Florida Citizens' Everglades Re (2013-1) cat bond, our sister title Trading Risk understands.

Investors' growing appetite for exposure to catastrophe reinsurance was demonstrated by the listed Blue Capital Global Reinsurance Fund announcing today (21 March) that it is looking to raise fresh capital from institutional and retail investors