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London-listed reinsurance fund Catco has kept its Sandy loss forecast unchanged despite the sharp increase in the PCS loss estimate to $18.75bn
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Listed ILS fund DCG Iris said it delivered total returns of 1.88 percent in its first half-year of operations from April 2012 to the end of November
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Munich Re said the ILS market will offer excellent placement conditions for diversifying perils in 2013 as specialist investors' return hurdles for such bonds have lowered significantly over the past three years
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Reinsurers are facing pressure to "keep up with the Joneses" in convergence, one Bermudian reinsurance executive noted, as sidecar renewals continued after 1 January despite plentiful traditional capacity
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Investors in the pharmaceutical company Elan are suing Steven Cohen's SAC Capital Advisors, alleging that it engaged in illegal insider trading in Elan's options before clinical trial results were released
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Allied World Assurance Company has bought a 20 percent minority stake in Bermudian collateralised reinsurance writer Aeolus, buying an equal share from all other partners, to expand its Allied World Financial Services platform
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Eskatos combines funds for scale; DCG Iris adds £11mn; Catco raises 2013 target
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The GAM FCM Cat Bond Fund managed by Fermat Capital has once again topped the table of annual returns for the group of ILS funds tracked by Trading Risk
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The ILS market is already underway for 2013 with two cat bonds set to close in the first few weeks
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Goldman Sachs confirmed it is considering selling a majority stake in its reinsurance business, after sister publication The Insurance Insider reported that it was looking to sell to wealthy individuals through a private placement
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American International Group (AIG) has drawn on a greater proportion of collateralised cover for its 2013 US property catastrophe reinsurance programme after switching to a treaty based around "one-shot" covers
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US life and health insurer Aetna's latest Vitality health insurance bond is set to close on target at $150mn soon, Trading Risk understands, as spreads tightened due to strong investor demand.
