ILS

Florida insurers Security First and United P&C both launched first-time cat bond issuances last week, sister publication Trading Risk reported.

The World Bank plans to raise $500mn of (re)insurance funding for a new pandemic facility.

Credit Suisse has reduced the target size of its operational risk insurance securitisation to CHF200mn ($203.71mn), substantially lower than the CHF630mn originally sought, sister publication Trading Risk reported today (18 May)

Fronting carrier State National has acquired the first of two shell companies that it will use to write business for Bermudian fund manager Nephila Capital

Munich Re benefited from strong investor demand on the cat bond market as it was able to cut the premium on its latest deal by 12.5 percent during the marketing process, sister publication Trading Risk reported last week

Collateralised reinsurers and insurance-linked securities investors captured 12 percent more premium from the top 10 Florida carriers in 2015 than in 2014, according to data collected by sister publication Trading Risk

A reinsurance pricing floor is "in sight" although the market is yet to hit rock bottom, according to JLT Re's CEO Ed Hochberg.

Insurers and reinsurers are making questionable decisions as they struggle to grow in a market that is swamped by around $100bn of excess capital, Arch Capital's chief financial officer has said.

Total return reinsurers are here to stay as insurance companies start to take a more holistic approach to their investment strategy, according to Hamilton Group CEO Brian Duperreault.

Emerging casualty reinsurance risks could eventually grow to exceed the current alternative capital supporting the reinsurance market, according to Greg Hendrick, XL Catlin's reinsurance CEO

Judy Klugman and Jean-Louis Monnier have been promoted to become the new co-heads of its global insurance-linked securities (ILS) business

Fronting specialist State National has extended its relationship with Fosun-owned Meadowbrook to at least 2017, delivering minimum ceding fees totalling $22.5mn.