ILS

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.

The Texas Windstorm Association (Twia) may look to reduce its traditional reinsurance placement for 2016 after its reserve funds grew over the past year.

Chubb sought to raise cover from insurance-linked securities (ILS) investors in its first reinsurance renewal after the amalgamation with Ace, sources told sister publication Trading Risk. 

Harrington Re, the third total return reinsurance start-up to tap investors this year, is looking to become the first A- rated reinsurer since Fidelis launched last summer, The Insurance Insider understands.

Capital oversupply and market pressures have begun to diminish return on equity (RoE), Willis Re has warned