ILS

The Catco Reinsurance Opportunities Fund delivered an 11.58 percent gain for 2015 after UK flooding and US tornadoes impacted returns by 1.75 percent.

Returns from reinsurer sidecars are showing signs of softening but investors are still deriving double-digit results on average as these vehicles have avoided major catastrophe claims.

XL expanded an aggregate retro programme formerly placed by Catlin during the January renewals in what sources described as the biggest ever retro programme, sister publication Trading Risk has reported

Brit increased the collateralised reinsurance capacity provided by its Versutus sidecar by 10 percent at renewal, it announced today (13 January)

The new cat bonds issued last year made up a slightly riskier and more diverse portfolio than in 2014, according to analysis from sister publication Trading Risk

An orderly 1 January reinsurance renewal delivered few surprises and averted a last minute rush as prices decreased across most lines and geographies, albeit at a slower rate, according to Guy Carpenter.

Andreas Lewin has stepped down from his role at XL-Catlin asset management platform New Ocean, our sister title Trading Risk has learned.

Munich Re has raised $360mn of third party capital for its Eden Re II sidecar in 2016, falling short of its target of obtaining $375mn to $450mn of retro support from the vehicle, sources said.

Scor is expected to upsize its new Atlas IX cat bond to $300mn from a $250mn target as the transaction priced at the upper end of initial forecasts, sources told Trading Risk.

Reinsurance rates have softened in virtually all lines and geographies while terms and conditions were relaxed as overcapacity and an excessive number of markets continued to weigh on pricing that was already heavily discounted, according to big three broker Willis Re.

The increase in US interest rates could have an impact on alternative capital's appetite for the (re)insurance industry, according to panellists at the EY (Re)Insurance Outlook event in Bermuda last week

Insurers are unlikely to see any effect on their investment portfolios after the US Federal Reserve raised interest rates for the first time in nearly a decade.