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Aon Benfield predicts more reinsurance will be written by “satellites”
Aon Benfield predicts that over time less reinsurance business will be written on rated balance sheets and more through ‘satellite' structures backed by third party capital.
03 September 2013
Munich Re buys RenRe’s weather risk unit
Munich Re has agreed to buy Bermudian reinsurer RenaissanceRe's weather risk trading unit for an undisclosed sum, the company announced today (3 September).
03 September 2013
Scor lifts Atlas mortality cat bond target to $175mn
Scor is set to increase the size of its new extreme mortality cat bond to $175mn from a $125mn target, Trading Risk understands.
02 September 2013
Pioneer sets up capital markets-backed MGA
Managing general agency (MGA) Pioneer Underwriting has recruited former Hardy Underwriting executive David Carson to lead a new property catastrophe reinsurance division that is backed by institutional investors in the US.
02 September 2013
DCG Iris investors hold onto shares
Investors in the listed ILS fund DCG Iris have opted to hold onto their shares in the company ahead of a 5 September vote to continue the company, according to a stock exchange announcement this morning.
02 September 2013
Zenkyoren expands Nakama Re cat bond to $300mn
Japanese mutual Zenkyoren is set to double its Nakama Re cat bond to $300mn as pricing settled in the middle of the marketed range, Trading Risk understands.
30 August 2013
SAC Re A- ratings under negative review
AM Best placed SAC Re's ratings on review with negative implications after it emerged that the Bermudian reinsurer's backer SAC Capital Advisors is facing criminal charges in the US
30 August 2013
News in brief
New fund inflows top $2.5bn in Q2; Blackstone picks Nephila; TWIA behind Kane's debut cat bond; Sale process continues at Towers Watson
30 August 2013
Twelve enters terrorism market
Switzerland-based ILS fund manager Twelve Capital has completed what it believes is the first collateralised participation on a terrorism excess-of-loss retrocession programme
30 August 2013
Solidum structures $70mn cat bond ‘lites’ in 2013
Switzerland-based ILS fund manager Solidum Partners has expanded its private cat bond portfolio for 2013, transforming regional US hurricane risk into $71.45mn of securities in three separate deals, Trading Risk can reveal
30 August 2013
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