ILS

The cat specialist confirmed last month that it had sidelined its $60mn Timicuan Florida wind sidecar - a move that contributed to a year-on-year drop in managed cat premium income

Flagstone Re's Mont Fort Re sidecar saved it from reporting a loss in Q2 on the back of Deepwater Horizon losses.

Underwriters looking to top up protection for marine and energy portfolios in the wake of Deepwater Horizon are struggling to find affordable cover at the lower end of the industry loss warranties (ILW) market.

Underwriters looking to top up protection for marine and energy portfolios in the wake of Deepwater Horizon are struggling to find affordable cover at the lower end of the industry loss warranties (ILW) market.

Independent London broker Miller Insurance Services is to beef up its reinsurance capabilities with the hire of two senior executives from Guy Carpenter and a derivatives specialist from Evolution Markets, The Insurance Insider can reveal.

Longevity swap volumes have reached £4.3bn this year, after Goldman Sachs subsidiary Rothesay Life signed up to insure £1.3bn of pension liabilities for a British Airways (BA) defined benefit scheme.

French insurance giant Axa has re-approached the capital markets with its fourth motor insurance securitisation, issuing EUR97.9mn in the latest Series D notes from its Sparc Europe shelf facility.

French firm Scor has joined the list of reinsurers targeting the emerging market for longevity risk swaps, as pension funds face up to uncertainties around life expectancy data.

The cost of insuring against (re)insurance company defaults has risen significantly in a jittery six months marked by European governments arguing over how to settle the Greek deficit crisis.

Shore Re raises $100mn but class B notes flunk; Manning leaves Deutsche Bank; Avalon Re C notes incur $13mn loss 

Earlier this month, the convergence market met in London to salute this year's Trading Risk Award winners. We salute them

Total exchange-based trading for 2010 cat derivatives has climbed to $76mn