May 2012/1

So many cat bond deals upsize these days that you start to wonder if cat bond distributors are pursuing some kind of McDonald's marketing strategy to make the deal look successful in print.

Chris McKeown, the former head of hedge fund-backed New Castle and CIG Re, is returning to the convergence market as CEO at Bermudian fund manager Juniperus, Trading Risk understands.

Capital markets capacity for the June and July Florida wind renewals looks set to remain abundant despite the state's insurer of last resort, Citizens' Property Insurance, almost tripling its private reinsurance spending to $1.5bn, including $750mn of cat bond limit.