ILWs

The Swiss Re CEO refutes the suggestion that financial-sector newcomers can deploy capital more efficiently than traditional reinsurers.

The executive was one of Bermuda ILS manager's first employees.

The executive was previously an actuarial analyst at the broker.

The business has continued to diversify into fee-driven firms through M&A.

Everest Re sidecar Mt Logan Re has reached $1.1bn of assets under management.

Even with the most in-depth data, those attempting to estimate the insured or economic loss from a major hurricane are always bound to be off by some degree, especially when it comes to complex events such as hurricanes hitting densely populated areas.

The former Goldman Sachs executive will report to Guy Carpenter vice chairman David Priebe.

Hiscox Re has launched the first ever cyber industry loss warranty in a bid to address the uncertainty around cyber tail risk.

Markel Catco will raise gross proceeds of $543mn from the sale of new shares in its London-listed Catco Reinsurance Opportunities Fund, taking the fund manager's total new capital raised following third quarter losses to $2.3bn.

Hannover Re executives said that the firm had exhausted a new multi-territory, multi-peril EUR100.0mn ($117.7mn) aggregate cover as its retro programme responded to third quarter losses.

New insurance-linked securities (ILS) fund Lutece Re will be among the start-ups targeting the retrocession segment in 2018 as the market anticipates a significant rating reaction to heavy losses this year, sister publication Trading Risk revealed this month

Hannover Re CEO Ulrich Wallin has told analysts and investors that he expects retrocession prices to increase across the board at 1 January.