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Zurich-based ILS manager Twelve Capital has taken on $30.0mn of senior debt notes from United Insurance Holdings (UPC Insurance).
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Third Point Re investment manager Third Point LLC reported a negative investment return of 1.1 percent in November, in its second consecutive month of negative results
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Hiscox will reshuffle its reinsurance division leadership next year when Michael Krefta will take over the Bermuda-based leadership role while Jeremy Pinchin returns to the carrier's London base, the company said
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With a more diverse range of owners entering the reinsurance space, will the sector ultimately reward these new investors with vintage returns, asks Fiona Robertson
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Arch Capital Group plans to sell $950mn in debt to help finance its $3.4bn acquisition of AIG's mortgage insurance unit United Guaranty Corporation (UGC).
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Federated National shares gained as much as 7.5 percent in early trading in New York today after the Florida P&C carrier added a further $10mn purchasing authority to its stock buyback programme.
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The New Zealand Super Fund's reinsurance allocation remained stable at about $200mn in 2016.
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Generali is seeking EUR180mn ($192mn) of cat bond cover for its motor third-party liability book through a Dublin-based special purpose vehicle called Horse Capital I DAC, sources told sister publication Trading Risk.
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The London market ILS framework needs to introduce clearer terminology on the requirement for transaction structures to be "fully funded" to avoid uncertainty, according to Clifford Chance, legal advisers to London Market Group (LMG)'s ILS working group.
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The UK government today published draft regulations for a new regulatory and tax framework for insurance-linked securities (ILS), the final version of which will be brought before parliament in spring 2017.
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Companies within The Insider 30 recorded mixed stock movements last week, offsetting each other to close down 10 basis points on average.
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The final PCS industry loss figure for the Fort McMurray wildfires in Alberta, Canada has settled at C$3.98bn ($2.96bn), sister title Trading Risk reported last week.
