November 2013/1

Sirius Group CEO Allan Waters said the company's new Sirius Capital Markets division should begin raising third-party capital this quarter

P&C reinsurers have started to disclose losses stemming from a recent Spanish Supreme Court ruling in favour of the cooperativistas who purchased construction surety bonds before their building projects collapsed. We track the disclosures...

Axis CEO Albert Benchimol said the (re)insurer has done a couple of small third-party deals "which look a lot more like retro than anything else", but that he expects the company's progress in this area to be gradual

The reinsurers of Australian insurer IAG are braced for a significant increase in claims from the 2010 earthquake in Darfield, New Zealand after the cedant warned that its loss pick was set to rise, The Insurance Insider can reveal

The RBS Group Pension Fund added £139mn to its reinsurance-linked assets in the year to 31 March 2013, according to its latest financial results

The SK Hynix fire that damaged a Chinese microchip factory in September could overtake the Rio Tinto mining claim to become the largest single-risk loss this year

Start-up asset manager Stone Ridge has lifted its initial fundraising target from $500mn to $600mn for a new closed-ended fund

The Guy Carpenter US mutual facility demonstrates how medium-sized reinsurers can successfully partner with brokers to compete with their heavyweight rivals and the threat of the alternative markets

Bermudian Aspen is understood to be putting the final touches to its first sidecar...

MMC's reinsurance arm pioneers a new property cat facility for US mutuals in what may also be regarded as an attempt to quell inroads by the increasingly aggressive (and expansive) capital markets