ILS

The Insurance Insider takes a look at reinsurance market dynamics after “near-miss” Dorian.

The reinsurer is considering creating a separate balance sheet that could write risks on behalf of third-party investors, akin to the Vermeer Re vehicle managed by RenaissanceRe.

The launch comes after six years of Nephila using Asta's turnkey services.

In Monte Carlo presentation, the ratings agency also predicts a "flight to quality" among ILS investors.

Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.

"Signs of fatigue" are showing in the market as pricing hardens slightly.

The executive’s move into the new role of deputy head comes two months after Schroders scooped up the outstanding shares in the ILS fund manager.

Rates for $40bn live cat trades have risen as the market has grown more wary of a significant loss, sources said.

The investor supplies more than £40mn ($49mn) of growth capital following the telematics company’s acquisition of IMS last year.

Whoever thought it was a good idea to taunt the weather gods in this way?

The company has created a new management committee as it refocuses on disciplined underwriting.

Despite shrinkage of the overall pool, new capital providers have entered the market in recent months, the ratings agency said.