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  • Hurricane watchers may be waiting for the big storm but US property and casualty insurers are counting the cost of a spike in low-level events such as tornados, hail, floods and storms, said ratings agency Moody's Investors Service.
  • A recent Guy Carpenter report ruffled feathers in the investment banking community by highlighting the rising presence of brokers in ILS placements over the past two years.
  • Fitch affirms Ballantyne; CCRIF pays out on Earl; Glacier sell-off; New York mulls cat pool
  • Cat bond sales may struggle to reach $4bn this year in the absence of a major disaster, ratings agency Standard & Poor's (S&P) has forecast.
  • French reinsurer Scor secured a three-year EUR150mn contingent capital deal from Swiss bank UBS last month, as compatriot investment bank Société Générale launched a long-term equity facility for insurers.
  • The black gold rush continues, as capital erupts onto the energy sector...
  • Hurricane Earl's speedy journey through the Caribbean in late August/early September prompted a flurry of livecat trading, as ILS investors speculated on the storm's eventual landfall destination, Trading Risk can reveal.
  • Goldman Sachs' ILS secondary trading desk sourced an institutional investor to sell a portion of MultiCat Mexico's Class A notes in September. They were then snapped up as a true diversifying ILS asset.
  • French insurer Groupama's EUR100mn Green Valley II cat bond tested investors' resolve on European wind peril pricing and won.
  • The September launch of AIR Worldwide's new European wind model sparked a flurry of secondary trading in an otherwise quiet month, as traders tried to digest the impact of the latest version.
  • Swiss Re's $50mn+ extreme mortality issuance under the Vita IV series of transactions is among a number of ILS deals coming to light as the end of the year approaches.
  • A variety of investors, including insurance companies, sovereign wealth funds, pension funds and family offices, are lining up to back former reinsurance broker Tony Belisle's collateralised reinsurance fund, Trading Risk can reveal.