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Standard & Poor's (S&P) has placed the Class C notes of MultiCat Mexico 2012 on creditwatch negative due to potential exposure to Hurricane Odile.
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Hannover Re has combined its retrocession and capital markets divisions following the retirement of Trevor Bolt, who previously headed up the firm's group protections unit.
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Global P&C insurer Ace is working an on internal reinsurance vehicle with fund manager BlackRock that could see significant amounts of ceded premium siphoned off from the traditional market, The Insurance Insider can reveal
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TigerRisk has entered the next phase of its expansion with the unveiling of a Bermuda office that will principally be engaged in providing retrocessional solutions to clients in the region, the US reinsurance broker told The Insurance Insider today (14 September)
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Greenlight Re CEO Bart Hedges said while he expected further imitators of the hedge fund reinsurance model there were obstacles to this happening on a large scale
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Alternative reinsurance capital grew by 18 percent in the first half of 2014 to reach $59bn, outpacing growth in the traditional reinsurance market, Aon Benfield Analytics has estimated.
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Ratings agency Fitch said that the expansion of alternative reinsurance capital has resulted in a structural change to the reinsurance market that will likely act as a permanent brake on future profits for traditional writers.
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The California Earthquake Authority (CEA) bought $134mn of new reinsurance limit in April as it continued to push for multi-year cover, sister publication Trading Risk has revealed.
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Senior underwriters in the engineering direct and facultative (D&F) market have warned that the sector could face significant losses from increased take-up of advanced loss of profit (ALOP) and delay in start-up (DSU) cover.
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Excessweather, a new managing general agency that provides indexed weather cover, has launched with an initial maximum line of £100mn, The Insurance Insider can reveal.
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Munich Re plans to significantly expand its $63mn cat reinsurance sidecar Eden Re next year.
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The presence of alternative capital could permanently erode the profit margins of traditional reinsurers, according to the 2015 global reinsurance outlook from ratings agency Fitch