ILS

Brokers and reinsurers fought for position at the PCI annual meeting in Chicago last week ahead of a 1 January renewal that looks increasingly difficult to call.

Investors in both reinsurers and in insurance-linked securities (ILS) are looking for rate rises at the 1 January renewals and failing to meet those expectations could dull their interest in the sector.

Make no mistake about it, at times like these, the modelling and ratings agencies are the de facto regulators of the marketplace.

Cat bond market prices had been written down by 5.3 percent by mid-October after hurricanes Harvey, Irma and Maria, as multiple insurance-linked securities (ILS) transactions were expected to respond to the disasters

While most industry participants agree that a significant portion of insurance-linked securities (ILS) capital supporting retro and collateralised reinsurance will reload at 1.1, the extent of the "re-up" and the return it will require continues to be debated.

Here's how heavily HIM-whacked collateralised retro players hope things will turn out:

Those (re)insurance industry participants waiting for a widespread market turn following major catastrophe losses will not necessarily survive in today's fast-paced and rapidly evolving world, the president of Guy Carpenter's international division has claimed

Swiss ILS manager Twelve Capital is holding a 5 percent stake in Florida-based homeowners specialist Heritage, regulatory filings reveal.

India's GIC has priced its IPO at 912 rupees per share, valuing the offering at just under 111.8bn rupees ($1.7bn).

Two executives formerly involved in running the ILS platforms at Hiscox Re ILS and RenaissanceRe respectively have combined with another reinsurance capital markets executive to launch a new business, Tangency Capital.

XL Catlin has launched a $150mn Galileo Re cat bond which seems to give an early indication of rate increases in the insurance-linked securities space, The Insurance Insider’s sister publication Trading Risk has reported.

The size and location of industry losses from Hurricane Maria could be the "surprise" for some insurance-linked securities (ILS) investors that drives a transitional US property cat reinsurance market in the lead-up to 1.1, according to JLT Re North America CEO Ed Hochberg