ILS

Nephila and fronting partner Allianz Risk Transfer (ART) have successfully piloted the use of blockchain technology for transacting a catastrophe swap

American Strategic Insurance has told investors in its $200mn Gator Re cat bond that tornado losses incurred this year have eroded almost 70 percent of the deal's deductible, sister publication Trading Risk reported last week

Nephila and MS Amlin both slashed their lines on the $1bn Florida Hurricane Catastrophe Fund (FHCF) reinsurance programme when it renewed at 1 June.

Nephila's fronting partner Allianz Risk Transfer (ART) raised the target for its Blue Halo Re cat bond to $185mn from $150mn as pricing on the high-risk transaction moved towards the upper end of forecasts, Trading Risk reported last week.

Leading Florida carrier Nephila Capital has withdrawn significant capacity in this year's June renewals, sister publication Trading Risk reported last week.

The Texas Windstorm Insurance Association (Twia) has obtained a $350mn reinsurance deal to provide coverage for 2017 in the event that losses this year erode its surplus

The Insurance Council of Texas (ICT) estimates that industry losses from hailstorms that struck the state in March and April have now surpassed $3bn.

The most senior London-based executive at Aon Securities, Chris Parry, has left the broker-dealer and is expected to shortly join RenaissanceRe Ventures, sister publication Trading Risk reported last month.

The initial industry loss estimate from PCS for the Alberta wildfires has come in at the lower end of anticipated claims ranges.

The timeline for implementing legislation to attract insurance-linked securities (ILS) business to the UK is set to take longer than expected due to increased industry interest, according to the CEO of Scor's Paris-London hub Malcolm Newman.

Chris Parry has left Aon Securities, where he headed the international division of the capital markets team, and is expected to join RenaissanceRe Ventures later this summer

The Insurance Council of Texas (ICT) estimates that three April hailstorms that struck San Antonio will cost insurers around $2bn