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  • Swiss Re has closed its life insurance linked securities (ILS) unit and reiterated its commitment to nat cat ILS in a reshuffle of its financial markets division, Trading Risk can reveal. Ex-Credit
  • Three executives from reinsurance broker RK Carvill have joined Tradition Financial Services (Tradition), its joint venture partner on the CHI cat futures initiative, Trading Risk can reveal. Patric
  • Structural issues and confusion over pricing levels have stalled any new catastrophe bond issuance for the remainder of 2008, Trading Risk can reveal. Despite optimism last month that $1-2bn of new
  • Industry Loss Warranty (ILW) pricing for US perils has risen by over 30 percent in the last six weeks, reflecting the hardening traditional market and the withdrawal of hedge fund capacity from the r
  • Aspen Insurance's $100mn 2007 earthquake cat bond Ajax Re, which has been downgraded by both AM Best and S&P on the back of the Lehman Brothers bankruptcy has suffered a further blow after investors
  • Investment bank Dresdner Kleinwort (DK) is expecting to close its first catastrophe derivative contracts before year-end, amounting to notional values in the "low tens of millions of dollars", accord
  • Hedge fund Citadel Investment Group is to wind-up its $450mn collateralised Bermudian reinsurer CIG Re, according to reports. The reinsurer, which formed the $500mn all-debt sidecar Emerson Re in 20
  • Five more core positions have been allocated in the newly re-structured investment banking group at the soon-to-be merged broking firm Aon Benfield, Trading Risk can reveal. As the structure chart
  • Dedicated ILS investor Leadenhall Capital Partners LLP has received final approval from the UK's Financial Services Authority (FSA) to act as an investment manager for third party funds, Trading Ris
  • Lloyd's industry veteran Michael Wade has launched a new convergence-focussed advisory firm, aimed at mid-tier reinsurers and brokers, Trading Risk can reveal. The firm, called Optex Group, combines