ILS

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.

Zenkyoren has nearly tripled the target size on its latest Nakama Re cat bond transaction, which at $700mn could be the carrier's largest cat bond to date, sister publication Trading Risk reported.

Reinsurers will continue to grapple with a competitive environment characterised by a sharp imbalance between supply and demand in 2017, where the maintenance of even adequate returns is dependent on prior-year reserve releases and benign cat experience.

The UK Treasury has confirmed it will put forward the final regulations for implementing the London insurance-linked securities (ILS) framework early next year despite fears that there would be delays following the vote for Brexit

Global reinsurers' capital rose by 4 percent year-on-year in the first half of 2016 to reach $585bn, according to Aon Benfield

Market intelligence on the QT

The Gator Re cat bond faces claims that have eroded 85 percent of the deal's deductible, sources told sister publication Trading Risk.

Vario Partners has won backing from a large Middle Eastern reinsurer as it prepares to launch its first fund and issue its first whole-account insurance securities, the company told sister publication Trading Risk.

Zenkyoren is looking to add to its multi-year aggregate insurance through a new $250mn Nakama Re cat bond, sister publication Trading Risk has reported.

Ledger Investing, the start-up led by former AIG head of capital markets Samir Shah, is aiming to disrupt the insurance industry not by targeting new client-facing or distribution innovations but by starting with back-end operations