ILS

Swiss Re Capital Markets Europe SA will ensure trading continuity for the arm after Brexit

The island has seen life registrations grow amid a desire to broaden beyond non-life (re)insurance.

The insurer had drawn down on its covers in 2018.

Pimco has hired former Mt Logan Re CEO Rick Pagnani to front its move into the space.

The organisation said the president and CEO of the eponymous modelling company was a “game changer” for the reinsurance industry, and a driving force behind the cat bond market.

The North Carolina Insurance Underwriting Association is seeking $250mn for reinsurance cover through a new cat bond, Cape Lookout Re.

Ramlal joined the joint venture between Chubb and BlackRock back in November.

This may be the year investors call pricing models for alternative capital into question.

The deal will flexibly expand in line with cessions from an MGA.

Brokers forecast an average of $9.4bn in cat bond volumes for the year.

The London Stock Exchanged-listed Catco Reinsurance Opportunities pledges to "keep investment management arrangements under review".

Arguably the defining feature of the last seven years of the reinsurance market has been the inexorable increase in the amount of ILS capital in the system, from roughly $40bn in 2012 to $90bn in H1 2018.