ILS

AuM as measured by Trading Risk was almost flat at $103bn, up fractionally on 1 January.

It’s no surprise that the topic of bonuses and remuneration gets people talking. Recently my colleague Gavin Davis hit a nerve among our readers over an editorial he wrote essentially arguing that the reinsurance industry did not make anywhere near enough use of properly designed performance-based remuneration structures. Underwriting executives had insufficient skin in the game, he argued.

After an almost two-year absence, Brad Livingston is rejoining the broker to focus on ILS business.

The ILS platform’s COO had helped drive growth to $1.5bn assets under management.

Dirk Lohmann (pictured) will remain at the helm of the ILS manager.

The firm’s 2015 Atlas cat bond has triggered, following loss creep from the 2017 hurricanes.

The company has reached a settlement with Alissa Fredricks and agreed to binding arbitration with Tony Belisle.

The NFIP will bear the brunt of losses from Hurricane Barry, according to industry analysts.

The series of storms caused economic losses of $2bn, figures from Aon show.

The City Council is working with RMS to improve the quality of its protection.

Axis and Swiss Re were able to top up on ILW cover at the lower end of their targeted costs.

The deal follows recent ILS fund manager investments by White Mountain and Scor.