ILS

Renaissance Re CEO Neill Currie threw cold water on the idea that growth in the convergence market represented a "watershed" point during the company's earnings call.

RenaissanceRe's rated sidecar DaVinci Re returned profits to investors as it bought back shares worth a net $150mn, while fellow operators Validus and Alterra also began reporting fee income from their post-Tohoku sidecars.

Lloyd's would seriously listen to applications from other alternative reinsurance capacity providers following the entry of Nephila, director of performance management Tom Bolt told The Insurance Insider.

Two specialist ILS fund managers have reshuffled their leadership line-up after their CEOs departed, sister publication Trading Risk reported

The "gather as much as you can" model for insurance-linked securities (ILS) fund managers is not sustainable in the long term, according to Validus CEO Ed Noonan

Pension funds and asset managers were increasingly active in the cat bond sector in 2012, in a trend that some experts say is changing both the alternative and traditional reinsurance markets

Normal service has now been resumed with, firstly, the launch of R&Q's Syndicate 1991, which began underwriting at 1 January with £77mn of capacity, and now the arrival of £100mn Nephila...

The arrival of Nephila at Lloyd's is a progressive development that is to be encouraged...

Third-party syndicate manager Asta Managing Agency has received approval to set up and manage a new Lloyd's Syndicate 2357 backed by Nephila Capital

Fitch Ratings does not expect Bermuda to experience another sizeable wave of start-up (re)insurers after a major disaster event, the agency said in a new report on the island's reinsurance market.

The new Wexcess UK weather product is targeted at risks that an insurer would otherwise retain as an alternative to aggregate catastrophe reinsurance, said the product's broker Aon Benfield.

US regional carrier The Cincinnati Insurance Companies completed its first reinsurance deal with capital market providers with the $61.2mn Skyline Re private cat bond, sister publication Trading Risk reported last week.