May 2015/1

AM Best assistant vice president Steven Chirico told an audience at the Reactions alternative capital event that the agency is assessing at least three candidates for new hedge fund reinsurance vehicles

There is plenty of room for the ILS market to triple its current share of the reinsurance market, according to AlphaCat portfolio manager Paschal Brooks

Lottoland completes EUR100mn deal; Pillar boosts Q1 profit; Allied World lifts Aeolus allocation; Towers Watson still positive on reinsurance; Catco share sell downs...

A small Australian insurance carrier specialising in motor and personal lines is the second company to test ILS investor appetite through the online Rewireconnect platform, sources told Trading Risk

US state-specific wind bonds have been changing hands over the past month in reaction to a flurry of new issuance from Floridian insurers and state wind pools, according to US regulator Trace's Finra database

Axa Global Life's Benu Capital bond priced in April and became the riskiest mortality bond ever placed in the market

Deals from US state wind insurance pools have contributed $1.4bn to the cat bond market this year, accounting for just over a third of total 2015 volumes to date

Lower oil prices are taking their toll on the energy insurance market as record capacity has converged with a fall in demand.

On 23 April, the US Treasury took its first action since 2003 to curb so-called "hedge fund reinsurance companies".

Perils puts Niklas cost at EUR853mn; Allstate sources $439mn seven-year cover; IAG on edge of payout; Allianz Re to target risk sharing; Ex-ANV CEO to target alternative capital; Citizens board approves $3.9bn additional cover; Golden Gate backs $750mn life start-up

Credit Suisse Asset Management is preparing to launch a second rated reinsurance entity less than a year after it helped establish Kelvin Re, Trading Risk understands

Italian investment company Exor has increased its bid for PartnerRe from $130 to $137.50 per share and acquired a 9 percent stake to become the reinsurer's largest shareholder.

Leading ILS fund manager Nephila Capital has trimmed its net assets under management (AuM) by more than $500mn since the start of 2015

The reinsurance market's next shock could come not from a hurricane but from the "internet of things", former Goldman Sachs partner Michael Millette told an audience at the annual Insider New York event earlier this month.

Alternative reinsurers and cat bond investors received $589mn in premiums ceded by the top 10 Florida personal and commercial residential insurers in 2014, according to data collected by Trading Risk.

RenaissanceRe and Swiss Re are in line to write more than half of the Florida Hurricane Catastrophe Fund (FHCF)'s $1bn maiden cat reinsurance placement, sister publication The Insurance Insider reported

No doubt many of you have read recent articles in the financial press advertising the launch of a new book, Making a Market for Acts of God, which has been billed as an anthropological study on "reinsurance tribes at work

There has been a significant increase in new retro demand in recent weeks, with broking sources saying that this could add as much as $2bn of new limit to annual volumes

The Florida reinsurance market has moved closer to finding equilibrium as buyers have opted for an early renewal in 2015

Axis investors take Q1 loss; Kinesis profits for Lancashire; Kiskadee stabilises Hiscox premium; PartnerRe adds crop to Lorenz Re

Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, taking the vehicle's total assets under management to $750mn, the carrier's CUO John Doucette said on a Q1 earnings call.

The two leading reinsurer-managed funds platforms posted a year-on-year fall in fee income during the first quarter, reflecting the impact of running smaller sidecars.