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AIG seeks $200mn parametric cat bond top-up
American International Group (AIG) is hoping to raise $200mn from a new private cat bond issuance, sister publication Trading Risk understands.
Fiona Robertson
,
18 May 2015
Cyber world recreating Florida peak exposure
The "internet of things" could pose a new peak exposure for the reinsurance industry and present the market's next shock loss, former Goldman Sachs partner Michael Millette told an audience at the annual Insider New York event earlier this month.
Fiona Robertson
,
18 May 2015
Nephila asset base drops by $500mn+
Assets under management (AuM) at Nephila Capital, the largest specialist insurance-linked securities (ILS) manager, have fallen by more than $500mn since the start of 2015, sister publication Trading Risk revealed last week.
Fiona Robertson
,
18 May 2015
$25mn Philadelphia rail crash to hit market
The initial loss from the high-speed crash of an Amtrak commuter train in Philadelphia is likely to total $25mn, with at least $15mn expected to hit the rail insurance market, sources have told our sister title Inside FAC.
Gavin Bradshaw
,
18 May 2015
Progress M-27M launch failure is $39mn loss
The failed launch of a Russian-led resupply mission to the International Space Station (ISS) is expected to be a $39mn insured loss, sister title Inside FAC reported last week.
Gavin Bradshaw
,
18 May 2015
US property insurance rates slide
Although the US commercial P&C marketplace is broadly stable, competition in property is intensifying as excess capacity and a lack of major losses drive rates sharply down, according to Insider New York panellists.
Mark Geoghegan
,
18 May 2015
Insurers see opportunities in alternative capital emergence
Insurers must use their underwriting expertise to take advantage of the emergence of alternative capital in the primary sector, according to panellists at the Insider New York conference last week.
David Bull
,
18 May 2015
Regulators should pay more attention to ILS influx: Leonardi
Regulators should be paying greater attention to the rapid growth of alternative capital in the (re)insurance sector, according to former Connecticut insurance commissioner Tom Leonardi.
David Bull
,
18 May 2015
Reinsurance market at crossroads: Hendrick
The reinsurance market has reached a crossroads that could result in a "meaningful restructure", with increased use of alternative capital driving commoditisation and the end of the sector's traditional capital base.
David Bull
,
18 May 2015
Market waits on PartnerRe board’s verdict
PartnerRe's shareholders are still waiting to see which direction the company's board will sway when it reveals its response to the improved $137.50 per share offer from Agnelli family's investment vehicle Exor.
Adam McNestrie
,
18 May 2015
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