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  • Catastrophe modeller RMS says its latest modelling and analytics platform will be a disruptive force in an industry hungry for big data insights.
  • Prudential takes 17% Blue Capital stake; $200mn mandate win pushes Securis to US
  • Dutch pension fund giant PGGM has granted two new ILS mandates, taking its total allocation to the sector above 1 percent of the fund's EUR133bn total assets under management (AuM), Trading Risk understands.
  • Switzerland-based ILS fund manager Secquaero Advisors has announced plans to launch a new non-life only fund with new management partner Schroders.
  • Mercury Capital has launched one of the first tracker funds in the ILS sector, allowing external investors to follow its new MiCRIX index of industry loss warranty (ILW) prices.
  • Former Rochdale Securities ILS trader Craig Bonder has moved with his team from Maxim to AK Capital to set up the firm's first ILS trading desk.
  • A busy period for primary issuance and buoyant demand for cat bonds has fuelled a very active secondary market over the past month, but pricing has finally started to ease back from sustained highs earlier in the year.
  • ILS spreads continued to tighten relentlessly as more than $1.5bn of new issuance closed during a busy month.
  • Run-off provider Randall & Quilter (R&Q) has teamed up with a new Bermudian-based ILS fund to develop "exit solutions" for capital market investors in collateralised reinsurance.
  • Mt Logan Re plans to deploy capital in the mid-year renewals, the vehicle's CEO Rick Pagnani told Trading Risk.