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The Endurance-owned Blue Capital Global Reinsurance Fund reported a 1.84 percent drop in its net asset value in May due to catastrophe events in the US, Japan and Canada.
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Validus is expected to hire former Enstar executive Scott Maries, sister publication Trading Risk revealed last week.
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A project to attract more insurance-linked securities (ILS) transactions to London should not be held up by the Brexit vote, according to Malcolm Newman, sponsor of the London Market Group (LMG)'s ILS Working Group.
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The California Earthquake Authority (CEA) managed to expand its traditional reinsurance programme by more than $400mn to $4.51bn in the January and April renewals for less premium than it paid in 2015.
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Collateralised reinsurance is likely to be the main driver of insurance-linked securities (ILS) growth as Solvency II pushes insurers to seek out "cash in a box" risk transfer solutions for peak cat risk, according to Michael Stahel, partner and portfolio manager at LGT ILS Partners.
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The insurance-linked securities (ILS) industry needs to become more transparent, said Eveline Takken-Somers, investment director at PGGM.
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The "unshackling" of the traditional reinsurance value chain from the past creates opportunities for risk carriers, Everest Re chief underwriting officer John Doucette said at the Trading Risk Convergence London conference on 16 June.
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Nephila's Velocity Risk Underwriters is on course for a July launch in the coastal voluntary homeowners' market after building out its personal lines platform.
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A flexible capital structure with both rated and unrated capital is needed for reinsurers to succeed in the "new world order", according to Everest Re chief underwriting officer John Doucette
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Nephila and fronting partner Allianz Risk Transfer (ART) have successfully piloted the use of blockchain technology for transacting a catastrophe swap
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American Strategic Insurance has told investors in its $200mn Gator Re cat bond that tornado losses incurred this year have eroded almost 70 percent of the deal's deductible, sister publication Trading Risk reported last week
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Nephila and MS Amlin both slashed their lines on the $1bn Florida Hurricane Catastrophe Fund (FHCF) reinsurance programme when it renewed at 1 June.
