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Axis Re CEO Jay Nichols said that convergence in the reinsurance industry would continue as insurance-linked securities (ILS) funds and traditional reinsurers will continue to resemble one another more closely.
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New hedge fund reinsurers need to successfully launch on the public markets before they can follow in the wake of Third Point Re, according to a panel of experts speaking at the Trading Risk New York Rendez-Vous 2015.
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Alleghany subsidiary TransRe draws on more than $350mn of sidecar capacity, making it a significant player in the market, sister publication Trading Risk revealed last week.
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A second rated reinsurer from Credit Suisse Asset Management (CSAM) is set to be up and running just a year after the manager launched Kelvin Re, sister title Trading Risk understands.
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Newly acquired fund manager Catco is preparing to expand its listed retro fund, the Catco Reinsurance Opportunities Fund, after setting a $750mn upper limit for new potential share issuances over the coming year.
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US mutual fund manager Stone Ridge Asset Management added to its portfolio of reinsurer sidecars in the mid-year renewals, investing a further a $100mn in Swiss Re's Sector Re vehicle, sister publication Trading Risk reported late last month.
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The International Underwriting Association (IUA) has added to the chorus of support for the e-placement commitment announced last week at the London Market Group (LMG) forum.
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Bermudian retro specialist CatCo Investment Management is considering fundraising options to expand its January 2016 portfolio.
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Reinsurance M&A could benefit insurance-linked securities (ILS) funds as larger carriers will be keen to reduce counterparty credit risk, two fund managers have told sister title Trading Risk.
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London market humourists were gifted an easy throwaway gag last week.
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The London Market Group (LMG) is looking at proposals to make London more tax efficient in order to compete as a domicile for insurance-linked securities (ILS) business, its chairman Steve Hearn announced today (24 September)
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Probable maximum losses (PMLs) for US wind risk generally subsided ahead of the peak North Atlantic hurricane season, as (re)insurers tweaked their cat exposure in the face of a prevailing soft market environment.
