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Two repeat cat bond sponsors are set to raise as much as $650mn of reinsurance limit from the insurance-linked securities (ILS) market as pricing on their new deals came in at competitive levels, sister publication Trading Risk has reported.
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Endurance's third party capital management platform Blue Capital reported that its London-listed reinsurance fund took $6.8mn of losses in October that were primarily linked to Hurricane Matthew
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Nephila-backed managing general agency Velocity Risk Underwriters has expanded from Florida and Connecticut into Texas, as the state's insurer of last resort gets its first depopulation initiative underway.
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Chubb surprised investors and analysts alike by laying out plans to repurchase $1bn of its own shares by the end of 2017, less than a year after combining with Ace Group.
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The UK chancellor's Autumn Statement will provide further detail on the provision of the taxation and structural positions to make London an insurance-linked securities (ILS) hub, The Insurance Insider understands.
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The UK government has appealed to Chinese delegates from the financial services industry to consider London as the home for future Chinese cat bonds
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Fronting specialist State National reported strong top- and bottom-line growth for the third quarter and upped targets for the full year.
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After a string of worsening underwriting results AM Best has punished hedge fund reinsurer Greenlight Re by downgrading its financial strength rating from A to A- and its credit ranking from a to a-.
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USAA's $400mn Residential Re 2016-II cat bond attracted strong investor interest as sources predicted a lacklustre deal volume in the fourth quarter.
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It will be "business as usual" at Aeolus Capital Management following the sale agreement with hedge fund manager Elliott Management Corporation, the Bermudian ILS manager's founder Peter Appel told sister publication Trading Risk.
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Hedge fund reinsurer Third Point Re has shrugged off deteriorating underwriting performance after a turnaround in its investment portfolio put the carrier back in the black for the third quarter
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The (re)insurance industry is moving into a new phase where carriers' expenses will become the focus for many, according to Lancashire CEO Alex Maloney
