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The governor of the Bank of England, Mark Carney, has said the UK is open for business in a positive bid to reinforce London's position as a global financial hub and reinvigorate globalisation in the face of declining cross-border capital flows.
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London-listed (re)insurer Catlin has expanded its planned Galileo Re catastrophe bond issue by more than two thirds to $300mn, reflecting strong investor demand for the notes.
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New York-based private equity firm Southport Lane has announced that Brandon Young has been appointed chief operating officer of its Southport Re reinsurance holding company.
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New York-headquartered Two Sigma is the prime candidate to buy out SAC Capital's stake in the Bermudian reinsurer it founded last year and save the business from the orderly wind-up some were expecting, The Insurance Insider revealed last week.
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Lloyd's (re)insurer Catlin is returning to the cat bond market for the first time since 2008 and hopes to raise $175mn of aggregate industry loss-based cover from its new Galileo Re transaction
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Nephila Capital co-founder Frank Majors has said that reinsurers should act as transformer vehicles and offer traditional indemnity reinsurance at the front while issuing index-based products out the back to tap into the benefits of the rising convergence market
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The non-life cat bond market saw a total issuance volume of $1.45bn during the third quarter and is now at a record $17.9bn in terms of outstanding capacity, according to Munich Re's latest Q3 market review
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AIG's chief reinsurance buyer Samir Shah has criticised the plethora of advisers required for a typical cat bond transaction, in a speech that may offer some succour to traditional reinsurers feeling the competitive squeeze from alternatives
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AIG's chief reinsurance officer Samir Shah said the carrier's reinsurance revolution has been motivated by the radical changes at the business over the last few years.
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The global (re)insurance industry should look to deploy its excess capital by widening the insurance market and meeting customer needs with profitable new products, a high-ranking panel of industry executives told the Guy Carpenter Baden-Baden Reinsurance Symposium yesterday afternoon (20 October)
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Comments by Nephila co-founder Frank Majors on investor return requirements are bad news for any carriers relying on "fat" US catastrophe profits, according to Keefe Bruyette & Woods analyst Chris Hitchings.
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VisionRe has postponed its launch until next year after failing to find sufficiently attractive opportunities to deploy its capital, it said today (14 October).
