March 2016/1

A few years ago when the pace of the ILS market's expansion really began picking up, the concept of the sector having "decoupled" from the reinsurance market engine was first mooted

The London market initiative to attract more ILS business to the city is not designed as an attempt to challenge Bermuda's success in the sector, according to International Underwriting Association chairman Malcolm Newman.

TransRe expanded its sidecar support from Pangaea Re and other vehicles to more than $400mn of limit in the January renewals, the company confirmed to Trading Risk

Standardisation will take market to ‘next level'; Risk analyses valued

The ILS market is not yet at a point where its decline in relative value would lead investors to take money off the table, according to panellists at the Sifma IRLS 2016 conference.

More than $900mn of new demand for private reinsurance cover in Florida is expected at this year's June renewals, as a number of carriers look to further reduce their reliance on the state-backed Florida Hurricane Catastrophe Fund (FHCF)

Specific structures adapted to the ILS market are likely to be required if alternative capital is to expand more broadly into the corporate insurance sector, panellists at the Sifma IRLS 2016 conference agreed.

Investors may be open to taking an all perils catastrophe bond but other considerations could be restricting such a development, a group of legal executives agreed.

The role of the underwriter will evolve if the insurance industry moves to a leaner way of conducting business, according to former American International Group executive Samir Shah.

Start-up managing general agency (MGA) Ventus Risk Management will look to give ILS funds access to its book of primary insurance risk through a quota share reinsurance programme covering an XL Catlin subsidiary, sources told Trading Risk.