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  • RSA's Brown warns of nasty surprise for SII second tier; Insurers are not like banks, G20 told
  • European (re)insurance federation the CEA and 11 other international trade bodies, including the Association of Bermuda Insurers and Reinsurers and the Reinsurance Association of America, have written to the Insurance Superintendent of Argentina to express strong concerns over proposed regulations that place severe restrictions on cross-border reinsurance.
  • Insurers' ability to wriggle out of obligations by citing meaningful non-disclosure will be eroded if proposals unveiled by Airmic at its annual conference in Bournemouth last week become widespread.
  • Major insurance-linked investor Credit Suisse Asset Management (CSAM) has ratcheted up its industry loss warranty (ILW) capacity in the past six months, marking a swift turnaround in policy as cat bond sales dragged.
  • A handful of small to mid-sized European ILS fund managers have succeeded in riding the wave of interest in insurance-linked investments by raising over $250mn in recent weeks.
  • Despite a reported increase in property cat pricing, a well-capitalised traditional reinsurance market has been sufficiently competitive to take market share from the insurance-linked securities (ILS) sector in the mid-year renewals season.
  • Collateralised reinsurer Aeolus Capital Management has raised more than $500mn to invest in the mid-year renewals as its private equity owners back out of the business, sister publication Trading Risk has reported.
  • Mark McComiskey, managing director of private equity firm First Reserve, is surprised by the frenzy of interest in new sidecar initiatives following the roll-call of major cat losses over the past 16 months.
  • (Re)insurers are actively lining up a broad range of sidecar-style structures to deploy if a significant catastrophe accelerates the hardening of property cat rates later this year.
  • US insurers have reported more than $4.5bn in catastrophe losses for only the first two months of the second quarter.