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  • A US commission has recommended a closer look at the life settlements market with a view to potentially expanding it as a means of aiding private financing for long-term care.
  • A group of ILS funds tracked by the Eurekahedge ILS Advisers Index gained 0.86 percent on average in August, above the 0.74 percent average August return over the previous 7 years.
  • The head of insurance at the UK's Prudential Regulation Authority, Julian Adams, will this week warn (re)insurers about the potential disruption they face from the burgeoning insurance-linked securities (ILS) market, according to the Financial Times.
  • Collateralised participation on the California Earthquake Authority (CEA)'s reinsurance programme fell by 20 percent following the 1 July renewals, while traditional reinsurance limit inched up 3 percent.
  • Securis Investment Partners has hired former Execution Re partner, Neil Strong, to head up business development in a drive by the fund manager to expand its global investor base.
  • LGT Capital Management has not accepted any new capital into its open-ended cat bond strategies from the start of the year despite a preference for cat bonds over collateralised reinsurance.
  • TigerRisk has hired Martin Bartell from Aon Benfield to lead its retro and specialty reinsurance unit in London, sister publication The Insurance Insider revealed.
  • DCG Iris Limited, the London-listed ILS fund, made a total return of close to 5 percent in its first year, as a strategic shift out of a softening catastrophe bond market helped offset modest losses from Superstorm Sandy and the 2012 US drought
  • The head of the Canadian finance regulator has cautioned institutional investors against pumping capital into insurance in the search of yield and artificially pushing down premium rates.
  • The latest New Point VI sidecar has secured more than $215mn of capital commitments to be deployed during the 1 January 2014 renewals, Trading Risk can reveal.