Casualty/GL

TigerRisk has been marketing a derivative product that triggers off a Lloyd's index, which could offer ILS funds exposure to a range of specialty business written within the London market, Trading Risk understands.

Aspen Re has recruited Deutsche Bank executive James Lee to work in its $185mn capital markets unit, Trading Risk can reveal

Liquidity has improved in the ILS market across all tradeable instruments, according to Tullett Prebon's head of cat bond trading Steve Emmerson

Aspen is believed to have chosen an asset management partner for a hedge fund reinsurer vehicle, sister publication The Insurance Insider has reported

Swiss Re said it wrote 7 percent more P&C reinsurance premiums in the April renewals than in 2014, expanding in high growth markets to add $1.5bn of premium to its books.

Casualty reinsurance may never see significant involvement from the ILS market, Credit Suisse Asset Management's (CSAM) head of ILS Niklaus Hilti said in a speech delivered to Insurance Institute of London members at Lloyd's today.

Further broking facilities targeting alternative market partners are expected to emerge following the recently announced Nephila-Amwins arrangement.

XL and Catlin have agreed on the reinsurance leadership structure following their merger, which will establish five regional CEOs all reporting to group reinsurance head Greg Hendrick

Moody's has estimated that catastrophe reinsurance rates will fall by 10 percent in 2015, less than the 15+ percent reduction in 2014, according to its 2015 Global Reinsurance Outlook report.

Cat specialist and third party capital manager RenaissanceRe has agreed to buy Bermudian peer Platinum for $1.9bn in a cash-and-stock deal, the company said.

Natural catastrophe rate softening has decelerated as spreads on the secondary catastrophe bond market have stabilised, according to Swiss Re CEO Michel Liès.

Urs Ramseier chairman and co-founder of ILS fund manager Twelve Capital has predicted that catastrophe bond index trackers or exchange-traded funds (ETF) will soon be released to the market as part of a natural evolution of the asset class.