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The Florida Senator says tackling legal fees is a priority as demand for reform grows – but it will take time to implement.
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The incoming chairman said he did not want to get "distracted" by expanding into a broader reinsurance or London platform right now.
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Aon's estimate shows that bulk sums offered rose from the $250mn previously reported.
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Using Kroll to rate Prospero Re allowed the firm to add customised ILS features to the rated structure, by having its fund investors own the platform.
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Managing director Philipp Graf said the new arrangement with Allen Partners would bring the full suite of Twelve’s products to institutional investors in Australia and New Zealand.
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Richard Brindle also said the cat market is highly sensitive to an additional event, with widespread dislocation possible.
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Retro is just the start for Markel’s new ILS platform, the firm’s reinsurance CUO said.
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Sean Bourgeois, founder and CEO of Tremor, expects the risk market to follow a path similar to that taken by the advertising industry.
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The Prudential Regulation Authority is committed to ensuring the UK offers an ILS regime which allows the market to develop, says Gareth Truran, head of London market supervision
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Emmanuel Modu, global head of ILS at AM Best, says Bermuda insurers and ILS managers are increasingly showing interest in rated vehicles.
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Simon Kirby, UK City Minister, believes that London could provide a 'gold standard' for ILS transactions
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The head of life investments at Leadenhall Capital Partners, Dan Knipe, tells us why banking and regulatory changes are creating life ILS opportunities