ILS

Nephila Capital's fronting partner Allianz Risk Transfer more than doubled its target size for its second cat bond of the year, sister publication Trading Risk reported last week.

Nephila's fronting partner Allianz Risk Transfer has more than doubled its target size for a second Blue Halo Re cat bond issuance to $225mn, sister publication Trading Risk reported.

Second quarter catastrophe losses will only have a small impact on the (re)insurance sector, panellists agreed at the Guernsey ILS Insight event in Zurich on 7 July.

The top 10 insurance-linked securities (ILS) funds lifted their collective assets under management (AuM) by 7.7 percent in the half-year to 1 July to reach $48bn, sister publication Trading Risk reported earlier this month.

Assurant scaled back both its limit purchased and retention as it restructured its core US property catastrophe reinsurance programme at the recent 1 July renewal.

The London Market Group (LMG) is launching a white paper today (13 July) at a House of Commons roundtable to discuss the creation of a foreign aid catastrophe bond (FAB)

The insurance-linked securities (ILS) sector's largest fund manager Nephila has confirmed that partner David Oliveira has left the firm.

Lane Financial has said that ILS rates rose 1.6 percent during the second quarter, but maintained that pricing movements after the hurricane season will give a better reflection of the overall direction of the market.

Validus leapfrogged Nephila to become the largest reinsurance provider for Florida Citizens Property Insurance in 2016, as the state-backed carrier restructured its traditional programme.

Standard & Poor's (S&P) has questioned the viability of hedge fund reinsurers (HFRs) amid struggling underwriting profitability and declining returns on equity (RoEs)

Aggressive investors seeking yield amid perpetual low interest rates are driving "alternative capital" towards managing general agents (MGAs)

Market volatility triggered by the UK's Brexit vote could drive increased investor interest in the insurance-linked securities (ILS) sector, although the impact is not expected to be meaningful, according to a variety of market participants.