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Last week we said that the first Fed rate rise for almost a decade was the first normal thing that has happened in the world economy since the onset of the global financial crisis
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Lloyd's has unveiled plans to launch an insurance-based index that would form the basis of index-related products of interest to the wider capital markets
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Aspen has increased the size of its sidecar, Silverton Re, by more than 40 percent to $125mn for 2016, the company said yesterday (14 December).
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Zenkyoren is set to add a further $300mn of cover to its catastrophe bond arrangements through a new Nakama Re transaction, sister publication Trading Risk reported.
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The departure of American International Group (AIG)'s head of insurance capital markets Samir Shah has raised concerns among insurance-linked securities (ILS) investors about whether the carrier will remain as active in the cat bond market as it has been in recent years.
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The launch of the joint venture reinsurer planned by Axis and Blackstone has been delayed into 2016, sister title Trading Risk reported at the end of last week.
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The Bank of England will review the risk of alternative reinsurance capital creating connections to other financial systems in the first half of 2016, as part of a wider review of insurers.
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The UN has launched a new climate resilience initiative aimed at providing more than 30 vulnerable countries with $2bn of insurance coverage against the risk of drought, flood and cyclones within the next five years.
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Eight Lloyd's syndicates including leading insurance-linked securities manager Nephila have pledged $400mn of reinsurance capacity to provide catastrophe solutions for under-insured developing economies.
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Loss reporting agency Perils has extended its coverage database to include Turkey, a move that it hopes will benefit the trading and transferral of catastrophe risk in the country.
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Zenkyoren is seeking to top up its cat bond cover for Japanese earthquake perils with a new $200mn Nakama Re transaction, sister publication Trading Risk reported last week.
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Nephila has continued to build out its peak zone MGA platform with additional key hires and is in advanced negotiations to add to its existing State National facility with other fronting carrier relationships, The Insurance Insider can reveal.
