ILS

Total return reinsurance start-up Aligned Re has launched its formal fundraise, with an unprecedented level of backing from its distribution and asset management partners Enstar and UBS O'Connor, The Insurance Insider can reveal.

George Reeth has collaborated with XL Catlin to launch a managing general underwriter focused on providing insurance-linked securities (ILS) market support for small to mid-sized companies seeking property insurance cover

The Japanese big three insurers - MS&AD, Tokio Marine and Sompo - all suffered heavily in trading overnight (9 February) as macro factors drove stock markets sharply down.

Reinsurers are diverging in their approaches to third-party capital platforms, with a mix of expansion and cutbacks occurring across companies.

The $100mn MultiCat Mexico class C notes look to be in line for a $50mn payout as a result of Hurri-cane Patricia, which struck Mexico last October, sister publication Trading Risk reported last week

German reinsurance giant Hannover Re has disclosed that returns from its catastrophe excess-of-loss portfolio are no longer expected to cover its cost of capital

Insurance-linked securities (ILS) brokers are expecting about $7bn of new volumes on the cat bond market in 2016, sister publication Trading Risk reported.

The Catco Reinsurance Opportunities Fund delivered an 11.58 percent gain for 2015, as it recorded a 1.75 percent impact from reserves for UK flooding and US tornadoes.

Flood Re, the UK's government-backed reinsurance scheme, has secured the final tranche of its retrocession cover, taking its reinsurance limit to £2.1bn ($3bn).

The recent wave of debt-driven broker consolidation could stall in the US, as sell-offs in the high-yield debt market impair private equity firms' ability to sufficiently leverage potential acquisitions

XL Catlin has defied the negative sentiment on total return reinsurance vehicles to press ahead with the creation of Alloy Re, The Insurance Insider can reveal.

Flood Re, the UK's government-backed reinsurance scheme, has secured the final tranche of retrocession to take its backing to £2.1bn ($3bn)