ILS

London market protagonists and European reinsurers should together lobby to secure an “equivalence” regime for the UK with the EU so that the industry isn’t burdened with individual regulators’ collateral requirements after Brexit, said insurance industry veteran Michael Wade.

The UK Financial Conduct Authority (FCA) has opened a consultation on regulatory proposals for the forthcoming London insurance linked securities (ILS) market.

The insurance-linked securities (ILS) market should expand its assets under management (AuM) at a similar pace in 2017 to last year, but increased use of leverage could provide more capacity even if growth slows, according to Willis Capital Markets & Advisory (WCMA).

Detail on RenaissanceRe's new $140mn Fibonacci Re vehicle that emerged recently suggests a structure that is a hybrid cat bond/sidecar facility, sister publication Trading Risk reported last week.

Growth in the availability of insurance-linked securities (ILS) limit is now outstripping the increase in alternative capital owing to the increased use of leverage, according to the latest ILS market update from Willis Capital Markets & Advisory (WCMA)

The top 10 insurance-linked securities (ILS) fund managers posted their fastest rate of growth in the past two years in the run-up to the 1 January renewals, exceeding $50bn in assets under management (AuM) for 2017.

Claims from Hurricane Matthew and the Kaikoura, New Zealand earthquake each shaved 1 percentage point off Markel Catco's returns for 2016, the company said.

Pricing on Aetna's latest Vitality Re health insurance bond settled at the bottom end of the target range, with the premium on the deal's class B notes reaching a new low, sister publication Trading Risk understands.

Business should expand in the cat bond market this year, Aon Securities has said, with a record amount of bonds scheduled to come off-risk in the first half.

Dutch pension fund manager PGGM has emerged as the owner of the debt issued by the Leo Re sidecar

Markel Catco's Reinsurance Opportunities Fund reported annual returns for ordinary shareholders of 8.12 percent in 2016, down from an 11.6 percent gain in 2015, following a series of major loss events

The recent $187mn Resilience Re club cat bond deal was made on behalf of QBE, sister publication Trading Risk revealed.