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Nephila's fronting partner Allianz Risk Transfer (ART) raised the target for its Blue Halo Re cat bond to $185mn from $150mn as pricing on the high-risk transaction moved towards the upper end of forecasts, Trading Risk reported last week.
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Leading Florida carrier Nephila Capital has withdrawn significant capacity in this year's June renewals, sister publication Trading Risk reported last week.
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The Texas Windstorm Insurance Association (Twia) has obtained a $350mn reinsurance deal to provide coverage for 2017 in the event that losses this year erode its surplus
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The Insurance Council of Texas (ICT) estimates that industry losses from hailstorms that struck the state in March and April have now surpassed $3bn.
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The most senior London-based executive at Aon Securities, Chris Parry, has left the broker-dealer and is expected to shortly join RenaissanceRe Ventures, sister publication Trading Risk reported last month.
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The initial industry loss estimate from PCS for the Alberta wildfires has come in at the lower end of anticipated claims ranges.
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The timeline for implementing legislation to attract insurance-linked securities (ILS) business to the UK is set to take longer than expected due to increased industry interest, according to the CEO of Scor's Paris-London hub Malcolm Newman.
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Chris Parry has left Aon Securities, where he headed the international division of the capital markets team, and is expected to join RenaissanceRe Ventures later this summer
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The Insurance Council of Texas (ICT) estimates that three April hailstorms that struck San Antonio will cost insurers around $2bn
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The Texas Windstorm Insurance Association (Twia) confirmed today (2 June) that it had reduced the size of its traditional reinsurance programme by $100mn.
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Blackstone has allocated $250mn to Hudson Structured Capital Management's new reinsurance and transport finance funds, Trading Risk understands.
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After three years of low activity the US is set to experience near-normal storm activity in the upcoming Atlantic hurricane season, the National Oceanic and Atmospheric Administration (NOAA) said last week (27 May).
