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  • There is room for insurance-linked securities (ILS) capacity to grow even without expanding the size of the catastrophe reinsurance market, Aon Securities CEO Paul Schultz said at the ILS Bermuda Convergence 2015 conference last week (11 November).
  • Nephila Capital has added two years to the term of its exclusive tie-up with fronting provider State National, extending the arrangement until 2019.
  • Everest Re is set to close its largest cat bond issuance to date through the $625mn Kilimanjaro Re 2015 transaction, sister publication Trading Risk reported last week.
  • The global reinsurers reported weaker underwriting results in the third quarter as Tianjin losses and higher expenses more than cancelled out an uptick in reserve releases.
  • Despite emerging pressures in the Florida homeowners’ market, its quintet of publicly traded carriers continued to demonstrate strong top-line growth in third quarter earnings releases, in part driven by expansion beyond state borders.
  • The weakening of the euro has allowed global reinsurers to post their biggest increase in Q3 top line since 2012, analysis from The Insurance Insider shows.
  • Trade body Insurance Europe has called for the European Commission to reconsider how it implements its simple, transparent and standardised (STS) framework for securitisations.
  • AM Best has affirmed its A- rating on Kelvin Re as it confirmed the Credit Suisse-managed carrier had written more than $120mn of gross premium during the first nine months of 2015.
  • RSG acquires M&A specialist; Women turned off insurance; Climate change threatens income; Advent Solutions hires chair; Central Bank probe into Quinn; Ace leads mining loss; Southwest Risk hires O'Connor; XL Catlin expands US excess casualty unit; Endurance strikes deal with aviation MGU; Profit forecast for TMK Syndicate 510 improves; Grandisson seen as Iordanou successor at Arch; Talanx reports Q3 profit growth; UK minister enacts Flood Re; Aspen raids LIU; LMA committee will examine CRO requireme
  • Munich Re board member Torsten Jeworrek has questioned the (re)insurance industry's ability to tackle the systemic nature of cyber attacks, adding that state-backed pools are "not the answer" to address the growing threat.