ILS

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

Leading insurance executives are calling on reinsurers and the capital markets to step in with capacity to fill the potential void left by a non-renewal of the US Terrorism Risk Insurance Act (TRIA)

Software and services provider Eurobase Insurance Solutions has announced that it has entered into a contractual agreement to supply its synergy2 underwriting platform to Bermuda-based insurance-linked securities player Horseshoe Group.

Florida Citizens Property Insurance has brought its second Everglades Re cat bond to market and hopes to raise $250mn of cover at a significantly lower price than the 2012 deal, according to sources.

Japanese industry loss warranty (ILW) pricing has fallen by about 25 percent since last year ahead of the 1 April renewal season, sister publication Trading Risk has reported.

Simon Fascione looks set to re-enter the market at Bermudian fund manager Aeolus after his resignation from Lancashire, it is understood

Lancashire has recruited Darren Redhead to head its Lancashire Capital Management (LCM) division following the surprise departure of Simon Fascione

The alternative reinsurance market has increased its share of the $18bn premium global property cat reinsurance market to 15 percent and is expected to make further inroads...

State Farm is returning to the cat bond market with a new Merna Re earthquake issuance.