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Retro rates have continued to tank in the run-up to 1 January as capital-rich collateralised writers chase a relative dearth of risk, according to a variety of sources.
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Aspen Re has kicked off its third-party funds management business by launching a $65mn sidecar, Silverton Re, as first predicted by sister publication Trading Risk in late October.
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Aspen Re has kicked off its third-party funds management business by launching a $65mn sidecar, Silverton Re, as first reported by sister publication Trading Risk in late October
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XL and Stone Point Capital have named their new reinsurance fund joint venture New Ocean Capital Management and confirmed the hire of CIG Re and New Castle Re founder Chris McKeown to lead the business.
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AIG is taking another shot at adding to its innovative Tradewynd Re cat bond cover, as the insurance heavyweight commits to giving investors more information on the complex portfolio of risks that are securitised in the structure
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Investor appetite for cat bonds continues unabated as the latest Residential Re (2013-2) cat bond sponsored by veteran issuer USAA has priced at the lowest end of marketing guidance and is set to close at $150mn, we can reveal...
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Former CIG Re and New Castle Re founder Chris McKeown has been appointed CEO of New Ocean Capital Management, the investment management company set up by XL and Stone Point Capital earlier this year
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Reinsurers should take advantage of alternative market capacity but it is possible to "survive nicely" in the industry without managing third-party capital, Validus CEO Ed Noonan said last week.
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Falling catastrophe rates are a long-term secular trend rather than a short-term cycle phenomenon, said Nephila Capital co-founder Frank Majors during a panel discussion at the ILS Bermuda Convergence 2013 conference last week.
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The ILS market has reached an inflection point in its growth but is still on track to keep expanding, Nephila Capital co-founder Frank Majors said in a panel discussion at the ILS Bermuda Convergence 2013 conference today.
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Blue Capital Re, the ILS-focused investment fund backed by Bermudian reinsurer Montpelier Re, yesterday (12 November) closed its initial public offering after raising total proceeds of $225mn.
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A UK court has ruled against Lloyd's insurer Novae after it refused to pay a facultative retro claim to Tokio Marine Europe Insurance (TMEI) as it claimed the 2011 Thai floods were multiple events.
