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Alternative reinsurance boosts mutuals: Willis Re
A drop in reinsurance prices caused by an influx of third-party capital into the sector is "good news" for mutual insurers, as they rely heavily on reinsurance to help them absorb big losses, a senior Willis Re executive said
24 September 2013
Axa back with EUR200mn European wind issue Calypso Capital II
French-based insurer Axa has returned to the cat bond market after a two-year hiatus to issue a new European windstorm bond, Trading Risk understands.
23 September 2013
Swiss Re markets second contingent capital deal of 2013
Swiss Re is looking to issue its second subordinated contingent write-off security this year which would cover the (re)insurer in the case of a decrease in solvency or an Atlantic hurricane event, Trading Risk understands.
23 September 2013
JLT trumps rivals with $250mn Towers Watson takeover
Jardine Lloyd Thompson (JLT) has agreed to buy the reinsurance broking arm of consultancy group Towers Watson for $250mn in cash, the London-based broker said today (20 September)
20 September 2013
Blue Capital caps latest fundraising at $100mn
The London-listed Blue Capital Global Reinsurance Fund has capped its upcoming fundraising at a maximum of $100mn, the Montpelier Re-backed company told investors this morning (20 September)
20 September 2013
Deutsche Bank adds to ILS asset management team
Deutsche Bank has added to its new ILS asset management team with the hire of former Lockton Re broker Adam Sayers.
19 September 2013
Credit Suisse closes DCG Iris Sandy pocket
Credit Suisse added a small amount to its loss reserves for Superstorm Sandy as it closed a sidepocket of shares in the London-listed DCG Iris fund that was set up after the storm hit New York last year
19 September 2013
Richardson returns to Markel in retro role
Greg Richardson has taken up the role of acting head of retro property reinsurance at Markel Global Reinsurance, just three months after leaving the firm when it acquired Alterra Capital.
18 September 2013
Ontario Teachers’ backs ANV Lloyd’s expansion
ANV Syndicate Management, the Lloyd's operation backed by the Ontario Teachers' Pension Plan, has bought out part of Pat Ryan's interest in Jubilee Managing Agency as the two operations merged.
17 September 2013
German hailstorms to cost EUR3bn
Scor estimated that recent German hailstorms will cost the (re)insurance industry around EUR3bn, as it put its own losses from the event at EUR50mn after retrocession and reinstatements, and before tax.
17 September 2013
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