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American Financial Group (AFG) subsidiary Great American is the second US insurer to turn to the cat bond market for the first time in 2014, following American Strategic's Gator Re issuance this month.
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A panel of state reinsurance buyers at the Sifma ILS conference said that coverage concerns, not just price, draw them to alternative reinsurance solutions.
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PartnerRe is looking to bring capital market investors onto its panel of crop retrocessionaires as they seek access to the crop market, sister publication Trading Risk has revealed.
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Net probable maximum loss (PML) estimates for major catastrophe events came down significantly at 1 January 2014 compared to the year before, analysis by The Insurance Insider's Data Room has shown.
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London-listed Catco Investment Management has today (17 March) launched a new reinsurance fund, Aquilo, which will write collateralised reinsurance perils and industry loss warranties.
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State Farm is set to place $300mn of cat bond cover through its new Merna Re V deal, for which it will pay investors a 2 percent insurance-linked coupon, sister publication Trading Risk has reported
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The cat bond product has developed to the "Generation 1.5" stage as investors take on more complex risk, but the market can still progress further to "Gen 2", Fermat Capital co-founder John Seo said at the Sifma ILS conference in New York last week.
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As speculation continues about the ability of the insurance-linked securities (ILS) market to extend beyond its comfort zone of peak cat perils, industry executives gathered in New York last week to discuss future developments in the sector.
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London-based insurance-linked securities (ILS) fund manager Securis is set to open a new Bermuda office later this year, sister publication Trading Risk reported last week.
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The London-listed Blue Capital Global Reinsurance Fund will announce the outcome of a new share placement on 26 March, the company announced.
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UK insurer Aviva plc has offloaded £5bn of longevity risk to the reinsurance market in the largest deal of its kind to date.
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Munich Re, Swiss Re and Scor have agreed to cover UK insurer Aviva against the risk of unforeseen pension costs due to employees living longer than expected, in the biggest deal of its kind to date, the reinsurers said today (6 March).
