ILS

Scor has reshuffled its leadership responsible for retrocession buying and appointed the former head of its corporate solutions division, Emmanuel Fierens, to the new role of deputy head of underwriting management and retrocession.

IAG will recoup A$106mn ($81mn) from reinsurers on its aggregate programme in 2016 as it reported total natural peril losses of A$420mn for the six months ended 31 December.

A timeframe of six to eight weeks under the proposed London market insurance-linked securities (ILS) framework is unlikely to be competitive, according to Willkie Farr & Gallagher.

United has bought a new 20 percent quota share cover from Nephila Capital and Greenlight Re, the Floridian insurer said on an analyst call after the release of its fourth quarter results

Lancashire recorded a minor dip in income from asset management platform Kinesis in 2016, but the company's chief financial officer Elaine Whelan said the unit made a stable contribution to the group's return on equity (RoE).

AIG has taken steps to increase its reinsurance protection against catastrophe volatility in the past year after it halved the trigger point of its US property catastrophe reinsurance programme.

Florida Citizens Property Insurance is planning to spend under $100mn to buy just $1.1bn to $1.3bn of total reinsurance limit in the mid-year renewals.

Cincinnati Insurance expanded a collateralised reinsurance deal to $200mn in size after its $100mn Skyline Re cat bond matured, the company said on an earnings call.

Modelling agency RMS has said that annual average losses for US hurricane activity will come in notably lower under the 2017 update to its medium-term storm model.

AmWins CEO Steve DeCarlo has given a wide-ranging defence of the role of the wholesale broker, as the sector continues to look for signs of a credible disrupter.

Neon today confirmed the appointment of Nick Pritchard as head of property reinsurance, as first reported by sister publication Trading Risk in September last year

Cincinnati Financial’s insurance unit renewed its Skyline Re cat bond as a private placement, raising $180mn of reinsurance limit and expanding its coverage, JLT Capital Markets said.