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  • UK luxury motor firm Bentley Motors has concluded a longevity swap with Deutsche Bank subsidiary Abbey Life covering pension obligations worth £400mn.
  • European industry loss aggregator Perils has expanded its database to cover Italian earthquake and flood risk, the company announced today.
  • RenaissanceRe has issued its first cat bond in a private transaction, the company's global chief underwriting officer Kevin O'Donnell said on the company's earnings call.
  • Michael Halsband has left Deutsche Bank after two years structuring and executing ILS transactions for the bank, Trading Risk can reveal.
  • New York-listed consultancy Towers Watson has discreetly begun marketing its reinsurance broking arm, including the Towers Watson Capital Markets brand, sister publication The Insurance Insider revealed earlier this week.
  • The Florida legislature has dropped proposals for a risk-pooling facility in the final version of a reform bill that includes measures to continue shrinking exposures at state-backed insurer Citizens.
  • Montpelier Re's Blue Capital has raised $52.3mn from the second-round placement for its listed Global Reinsurance Fund, the company disclosed this morning.
  • Aon Benfield Securities has hired two new senior executives for its Chicago office where they will advise on M&A and capital raising initiatives.
  • RenaissanceRe's DaVinci Re sidecar made a $57.7mn profit during the first quarter of 2013, down nearly 30 percent from $81.4mn for the same period last year, as the vehicle's earned premium income base fell by 5 percent to $91.6mn.
  • Lancashire's first quarter results released today (2 May) benefited from a commutation agreed on an industry loss warranty (ILW) that was close to being triggered by Superstorm Sandy