ILS

AIG's up-for-sale mortgage insurance unit United Guaranty Corporation (UGC) has secured $298.6mn of reinsurance for its 2008 and prior book with a second Bellemeade Re insurance-linked securitisation.

Last week was the busiest in terms of results disclosures in The Insurance Insider's coverage universe, but the double-digit share price swings seen after results for the previous quarter were absent.

Lancashire earned more first quarter profit from its 10 percent stake in the Kinesis portfolio this year, but reported lower profit commissions as it awaited news on whether 2015 losses had triggered claims.

Allianz Risk Transfer (ART), backed by Nephila Capital, said it had lined up a "robust pipeline" of revenue swaps for wind power developers after signing a 10-year swap with Capital Power.

Leadenhall Capital Partners has grown its assets under management (AuM) by 16 percent from the start of the year to reach $2.8bn, sister publication Trading Risk reported today (9 May).

The first cat bond of the second quarter signalled strong investor demand, as insurance-linked securities (ILS) broker-dealers tipped that the market's pricing dynamics could shift to a period of softening.

Validus chairman and CEO Ed Noonan said subsidiary AlphaCat's decision to return $146.5mn of capital to sidecar investors during the first quarter simply reflected the manager shifting capital into a different format.

An insurance index being developed by Lloyd's is behind schedule, the Corporation's chairman John Nelson has said.

TigerRisk's capital markets division has received regulatory approval to open a secondary trading desk covering a range of insurance-linked securities (ILS) products.

Willis Capital Markets & Advisory (WCMA) has hired Deutsche Bank's Vincent Lien as a managing director in its Hong Kong office, the company said today (28 April).

The push to make London an insurance-linked securities (ILS) hub could eventually position the city as the global centre for cyber risk insurance, according to BNY Mellon.

Willis Capital Markets & Advisory (WCMA) has suggested that upcoming changes to AM Best's Capital Adequacy Ratio (BCAR) methodology could penalise insurance-linked securities (ILS) markets over rated carriers.