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LGT led the way with its rated start-up Lumen Re.
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The insurer has grown ILS revenues from zero to $92mn in five years.
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In a comparison that you should only attempt if you have a French accent, Scor chairman and CEO Denis Kessler once quipped that traditional reinsurance was the wife of the insurance world, while ILS was the mistress.
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Countering the increased demand for public reinsurance, Demotech is seeking to require more overall coverage. -
CEO Paresh Patel said the carrier is already buying cover for a greater than one-in-100 return period.
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The new executive board member fills a vacancy left by the late Jürgen Gräber.
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The sidecar Reinsurance Risk Premium Interval Fund gave investors around a quarter of the sums requested.
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The partner’s pricey, scaled-down reserves deal leaves questions about the impact on Maiden’s capital unanswered.
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The executive expects AlphaCat to become an increasingly compelling part of the Validus purchase.
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The move will be put to shareholders of the London-listed Catco Reinsurance Opportunities fund later this month.
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A lower catastrophe loss burden helps offset a $76.2mn reserves hit.
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The $54mn ILS issue follows the city state’s introduction of a grant scheme for the securities a year ago.
