ILS

The Florida hurricane season still has three months to run in a predicted above-average year.

Outside the cat bond segment, Aon said it was observing rising sidecar interest, putting volumes at $7.1bn from $6.4bn the prior year.

The technology specialist is joining the firm from Reinsurance Group of America.

In addition, Arch Re global CUO Pierre Jal moved to Zurich to take over as Europe CUO, while president Matthew Dragonetti expanded his scope to lead client-centric initiatives.

The transaction covered a portfolio of $250mn in casualty risk premiums.

Swiss Re Capital Markets said there was a ‘strong chance’ of a record-breaking year in size and number of new bonds.

Total reinsurance capital will climb to $560bn, ahead of last year but behind the 2021 peak of $570bn.

The industry’s ability to draw new capital will hinge on the outcome of the Atlantic hurricane season.

The US pension fund heard pitches from four ILS manager finalists at its board meeting in May in a selection process following a request for proposals issued last October.

Campbell Brown leaves Amundi after nearly five years.

Greg McBride joins the firm after nearly 18 months at Mt Logan Re.

The embattled ILS InsurTech said its investigation into fraudulent letters of credit used as collateral in the company’s transactions was in “advanced stages”.