-
The chief reinsurance buyer for American International Group (AIG), Samir Shah, told sister publication Trading Risk that the firm's use of cat bonds was not about trying to stimulate competition in the reinsurance market but to help develop the ILS market over the long term.
-
Average premiums in the ILS and ILW market dropped by 27 percent in 2013, reaching levels last seen before Katrina
-
The cat bond market can expect new issuance of between $7bn and $8bn in 2014, according to a survey of major ILS broker-dealers conducted by our sister publication
-
Last year leading ILS fund manager Nephila Capital offered a $1bn reinsurance cover to the Florida Hurricane Catastrophe Fund (FHCF), as previously reported by sister title Trading Risk.
-
After a solid 2013 performance in which it generated a net return for its listed fund of 21.9 percent, collateralised retro writer Catco has significantly de-risked its portfolio for 2014 in a reflection of the changing dynamics in the marketplace.
-
Private equity fund Dowling Capital Partners has invested capital with and taken an equity stake in New Ocean Capital Management, the asset manager formed by XL Group and Stone Point Capital in July last year.
-
Catco, the London-listed collateralised reinsurance investment vehicle, announced today (14 January) that its 2011 backers will receive a payout of $0.028 per share after one of its funds settled liabilities associated with the 2011 Japan and New Zealand earthquakes.
-
The softening reinsurance market may spark an increase in legacy transactions as traditional carriers focus on writing new business in the face of falling revenues, according to Compre managing director Will Bridger.
-
We track all the 2014 sidecars as Validus and Everest Re highlight the divergent strategies taken by carriers as the former's AlphaCat vehicle slims down while the latter expanded its satellite
-
While marine, energy and aviation rates typically dominated discussions in specialty reinsurance lines, there have also been significant rate movements in less common lines such as US surety and trade credit.
-
Everest Re has significantly expanded the capital base of its Mt Logan Re sidecar to $370mn, well above its $250mn target, the company announced today (10 January).
-
The 2014 vintage of Validus' AlphaCat sidecar vehicle will be funded with $160mn of capital, the Bermudian (re)insurer said yesterday (8 January)
