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Asuka Asset Management has launched a new ILS fund manager, Eastpoint Asset Management, and seeded its first fund with $40mn of capital.
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Investors need to be more accepting of indemnity loss triggers and non-modelled perils if there is going to be significant growth in the convergence market in 2013, Aon Benfield Securities CEO Paul Schultz warned today.
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Florida's state-backed insurer Citizens is planning to re-enter the cat bond market in 2013 with an additional $250mn placement, after making its debut this year with the $750mn Everglades Re transaction
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Munich Re has brought out a new Queen Street VII Re offering that is almost an exact replica of Queen St VI Re, Trading Risk understands
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The two bonds currently being marketed to prospective investors include an innovative transaction where mortality risk is combined with property catastrophe risk in a single tranche
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Nephila Capital co-founder Frank Majors warned that reinsurers face a number of potential pitfalls as they target the funds management arena
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Capital market participants will be an essential component in the longevity risk transfer market over the long term as (re)insurers reach their limit of capacity, a Swiss Re report has found.
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Tower Watson Capital Markets has launched a new database of casualty tort information to entice the alternative reinsurance sector into the casualty risk space
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Two hedge-fund start-up vehicles have been broaching new territory in the reinsurance sector, one providing a platform for hedge funds to enter the space and the other delving into long-tail casualty lines
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Bermudian participation in ILS investment surged in the year to 30 June as specialist fund managers regained their dominant role in the cat bond market, according to Aon Benfield's annual report on the sector
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Dexion Capital's closed-ended ILS fund DCG Iris says it hopes to complete its first follow-on share issue before year-end, as part of plans to increase its capital to £150mn by mid-2013
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The ILS sector's two leading fund managers have mushroomed in size, as investors' enthusiasm for direct catastrophe reinsurance risk has seen billions of dollars in new capital pour into the sector in 2012.
