ILS

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.

The significant number of maturing bonds and ongoing favourable environment for sponsors could push cat bond issuance for 2017 to $8bn, insurance-linked securities (ILS) brokers said.

Partner Re launched a retro sidecar using its own capital at the 1 January renewals, sister publication Trading Risk reported.

AlphaCat, the asset management arm of Validus, has grown to $2.7bn in assets, the Bermudian (re)insurance group announced today.

RenaissanceRe has confirmed it set up the $140mn Fibonacci Re vehicle, which was established in Bermuda in late December, to provide it with more property catastrophe capacity.

Willis Capital Markets & Advisory's private cat bond platform Resilience Re has completed a $187mn deal, its largest transaction so far.

A few overarching themes continue to shape the reinsurance segment as 2017 begins, including excess capital, a squeeze on margins and an active M&A market as carriers reach for growth.

Hedge fund manager Elliott Management has completed its acquisition of a majority stake in insurance-linked securities manager Aeolus, sister publication Trading Risk reported.

Brit has renewed and increased the collateralised reinsurance capacity provided by its Versutus sidecar by 33 percent, it announced today