Retrocession

The asset manager retains powerful advocates but fundraising is likely to prove challenging.

Just how important is Markel Catco to the catastrophe reinsurance market?

News of a steep decline in Catco Reinsurance Opportunities’ net asset value comes after the fund manager’s parent confirmed regulatory investigations.

The $15bn-$20bn wildfire losses have caused the ILS-dominated retro market to seize up.

Mt Logan will not be the only reinsurer vehicle impacted by Stone Ridge’s retractions, but has emerged as the first such example.

Aggregate loss activity will trap retro capital for a second year running, as disappointing returns set up expectations for reduced capacity.

  The legacy firm will create a Cayman Islands-based entity capitalized with up to $500mn under the agreement.

Former Marsh broker Richard Green becomes regional head.

Jonathan Hughes becomes a London-based partner at the US intermediary.

Nothing is ever as short-tail as it seems.

Ten years ago, I walked into The Insurance Insider office for the first time, flagrantly breaking the first commandment of insurance journalism: never start a new job the week before Monte Carlo.

The ILS manager said it had extracted a 43 percent rate increase from buyers of the retro product and expected rates to hold stable in 2019.