ILS

The Swiss Re cat bond index rose 1.57 percent to reach 95.53 points on 14 October, clawing back the value that was lost while Hurricane Matthew made its way up the Florida coastline.

Preliminary loss estimates for Hurricane Matthew from two Floridian insurers suggest that total insured losses in the Sunshine State could be comfortably below $5bn, as the impact of the storm continues to fall on the low side

The London market should reciprocate the support given to it by UK regulators, according to Nicolas Aubert, chairman of the London Market Group (LMG).

"Livecat" trading of industry loss warranties (ILWs) ahead of Hurricane Matthew could have topped $100mn of volume, sources told sister title Trading Risk, making it the most active "livecat" market since Superstorm Sandy.

Sompo's acquisition of Endurance will give it a bigger foothold in the insurance-linked securities (ILS) management business, according to half-year 2016 records from sister publication Trading Risk

The cat bond market experienced its largest one-week drop since Superstorm Sandy, sister publication Trading Risk reported, with some of the insurance-linked securities transactions that benefit Florida takeout insurers among those written down.

Analytics firm RMS has projected a 41.9 percent chance of a $20bn industry loss after putting the path of Hurricane Matthew through its model, according to very preliminary figures obtained by sister publication Trading Risk

The cat bond market is likely to recover from the shrinking that occurred in the first half of 2016, according to panellists at the Trading Risk Monte Carlo roundtable

Top 10 ILS manager and reinsurer sidecar investor Stone Ridge Asset Management reported that its net asset base had reached $4.95bn by the end of July, up 4 percent from the end of the prior quarter

Aon Securities has named an executive from the company's insurance management division, Darren Bailey, to lead the London-based capital markets business, sister publication Trading Risk revealed last week

Unipol Re CEO Marco Sordoni has estimated that insured losses from the Italian earthquake in August will amount to just EUR70mn ($78mn)

Markel Catco said August returns for the London-listed Catco Reinsurance Opportunities Fund would be 3.5 percent lower due to a loss from the Jubilee oil field event, sister publication Trading Risk reported.