ILS

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

First quarter catastrophe bond issuance grew 31 percent year-on-year to $2.2bn, according to Aon Securities

The first quarter of 2016 saw a record $2bn of non-life catastrophe bond issuance, according to Willis Capital Markets & Advisory (WCMA).

A major magnitude 7.8 earthquake that struck Ecuador's central coast on Saturday (17 April), killing 413 people so far, is likely to result in more economic damage than originally thought

Xchanging said it hoped secondary "trades" of reinsurance contracts would become an integral facility of its X-gRm platform after reinsurance broker TigerRisk announced it had completed the first such transaction.

Barbican will continue to cede a 15.4 percent whole-account quota share to Credit Suisse Asset Management in 2016 through the fund manager's new Arcus Syndicate.

Hurricane forecasters are split on the outlook for the 2016 season amid uncertainty over a potential transition to a La Niña weather pattern.

TigerRisk has added an insurance-linked securities (ILS) structurer to its capital markets team as it prepares to expand its range of capabilities in the alternative reinsurance segment.

The World Bank and European Commission have agreed a EUR14mn ($15.8mn) deal to back the Caribbean Catastrophe Risk Insurance Facility (CCRIF).