ILS

Data provider ISO has teamed up with Toronto-based MSA Research to launch Property Claims Services (PCS) in Canada.

Higher spreads for capital market cessions are justified in the current market climate, Chubb chief risk officer Joel Aronchick told an industry audience in New York last week (18 March).

State Farm is approaching the market with a partial replacement of its expiring Merna Re transaction, targeting up to $700mn of US quake cover for the US insurer, sister title Trading Risk understands.

In the first transaction of its kind, US reinsurance broker Tradition Re completed a $4mn derivative dutch auction last week to hedge an unnamed reinsurer's Florida wind exposure.

Hannover Re completed a $500mn letter of credit facility with Deutsche Bank last week to support its further expansion into the life reinsurance sector.

RenRe braced for capital markets threat; P&C reinsurers continue life and longevity foray; IFEX signs Kusay for marketing drive

At the start of 2010 the convergence market was in optimistic mood, tempered with realism over the steps still needed to fulfil the market's potential.

Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.

Industry loss warranty prices have fallen by as much as 40 percent for 2010 cat risks. We examine the retro market.

Europe's EUR1.3bn of cat bond capacity should be spared despite the devastation wreaked by Windstorm Xynthia.

Former RenaissanceRe executives Bill Riker and Michael Cash have completed their first collateralised reinsurance transactions for Q Re (Bermuda) Ltd - a new, class 3 Bermudian reinsurer backed by legendary investor George Soros.

A US judge has granted 19 hedge funds leave to re-submit their action against failed Bermudian reinsurer PXRE after he dismissed it on a technicality.