Aspen Bermuda has returned to the cat bond market for the first time since the 2008 financial crisis, as it seeks to raise $150mn to cover US and European catastrophe risk, sister publication Trading Risk has reported.
Catastrophe modeller AIR Worldwide and RenaissanceRe have joined forces to develop a probabilistic model for extreme liability events and enhance the understanding of long-tail risks.
InsurTech start-up Extraordinary Re has signed a deal with exchange operator Nasdaq to use its technology to run a new insurance-linked securities (ILS) trading platform.
