ILS

French reinsurer Scor has issued EUR75mn of new shares as its contingent capital deal with investment bank UBS triggered on rising first-quarter catastrophe loss estimates

The Intercontinental Exchange began delisting Ifex catastrophe-linked derivatives this month

Reinsurer Alterra and private equity partner Stone Point Capital have signed up six investors to join them in funding their New Point IV sidecar launched earlier this year

Former Manulife P&C chief Andreas Kusay says he is confident his $300mn retro start-up Aliseo Re will be writing business for January 2012 despite the launch delay

First-time cat bond issuer Argo Group said turning to the collateralised sector was an attractive option in the current uncertain market, as a hedge against rising retrocession pricing

Towers Watson Capital Markets has structured and sold its first cat bond deal, an $11.95mn private placement for a Floridian insurance company.

Prices for peak US wind industry loss warranties have risen by up to 25 percent this year and are set to rise further on high loss tolls, wind model changes and a shortage of retro capacity, according to brokers

Cat bond values fell at the end of June following a month-long rally as the US tornadoes and an aversion to US wind risk took their toll on a number of the traded instruments

(Re)insurer Alterra and private equity partner Stone Point Capital have signed up six investors to join them in funding their New Point IV sidecar launched earlier this year.

French-headquartered reinsurer Scor will draw down the first EUR75mn tranche of its contingent capital credit line from investment bank UBS after lifting its first-quarter catastrophe loss estimates by EUR10-15mn.

US property cat reinsurance rates rose by between 5 and 15 percent at the 1 July renewals, according to an upbeat report from reinsurance broker Willis Re.

Ratings agency Standard & Poor's (S&P) has downgraded $100mn of cat bond notes as the loss tally from May's Joplin tornado threatened to trigger cover for cedant American Family Mutual.