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Hydra-headed mixed messages
I learned a new word of jargon this week reading about the RMS(one) platform - apparently ecosystems can be technological these days and not just environmental.
17 May 2013
Cat fund participation in new ILS issuance falls
Dedicated cat funds are continuing to reduce their participation in new ILS issuance this year, according to statistics obtained by Trading Risk.
17 May 2013
Capital markets jostle for growth in Florida renewal
Non-traditional reinsurers are looking to grow their role in Florida this year as local insurers are opening up to the idea of issuing cat bonds, while collateralised reinsurance writers look to grow their business in the state.
17 May 2013
Halsband to drive new Sirius capital markets initiative
White Mountains' reinsurance arm Sirius International has launched a new capital markets division co-headed by former Deutsche Bank executive Michael Halsband.
14 May 2013
Louisiana Citizens seeks traditional top-up after Pelican Re success
Louisiana Citizens Property Insurance is hoping to add another $60mn of traditional reinsurance limit to its 2013 programme after buying its new $140mn Pelican Re cat bond, Trading Risk understands
14 May 2013
AQR Re expands in Bermuda
AQR Re has hired two new executives to expand its presence in Bermuda, former Renaissance Re executive John Lummis as CEO and ex-Aon Benfield broker Paul Karon as vice chairman
13 May 2013
New Florida cedant closes $20mn Sunshine Re private cat bond
Florida Municipal Insurance Trust (FMIT) has closed its first cat bond in a $20mn private deal brokered by Towers Watson Capital Markets (TWCM).
13 May 2013
AQR Re expands in Bermuda
AQR Re has hired two new executives to expand its presence in Bermuda, former Renaissance Re executive John Lummis as CEO and ex-Aon Benfield broker Paul Karon as vice chairman.
13 May 2013
USAA launches 20th Residential Re cat bond
Military mutual insurer and ILS stalwart USAA is seeking $250mn of cover from its 20th cat bond, Residential Re (2013-1), Trading Risk understands.
10 May 2013
ILS pricing falls by more than a third
Cat bond pricing has dropped by an average of 37 percent year-on-year for transactions completed in the last eight weeks, according to Bryon Ehrhart, chairman of Aon Benfield's investment banking group and chief strategy officer.
10 May 2013
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