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Changing market underlies Berkshire deal
Berkshire Hathaway has agreed to underwrite a 7.5 percent share of Aon's $2.5bn book of Lloyd's business as part of reinsurance head Ajit Jain's response to changes in the market's pricing cycles
15 March 2013
$750mn Everglades Re demand skews index
The $750mn Everglades Re cat bond provided a 0.91 percent uplift to returns for the Swiss Re Global Index in 2012, according to a recent report from Swiss Re Capital Markets.
15 March 2013
KBW analyst says pension funds should look to casualty
Longer-tail casualty business could "superficially" fit the risk appetite of pension funds better than property catastrophe reinsurance, Keefe, Bruyette & Woods (KBW) analyst Meyer Shields argued in a recent note on the industry.
15 March 2013
ILS market yet to test tail
The ILS market's track record does not yet reflect the true "tail risk" nature of the asset class, research firm Conning warned in a new report on the market.
15 March 2013
Fascione set for new role
Simon Fascione is likely to re-emerge at Bermudian fund manager Aeolus after his surprise exit from Lancashire, Trading Risk has learned
15 March 2013
Controlling the wagging tail
When you think about some of the deals that Berkshire Hathaway has struck in Australasia over the past couple of years it makes you wonder why so much attention is paid to the impact of alternative market capacity on the pricing cycle
15 March 2013
Japanese ILWs off 25% ahead of April renewals
Pricing on Japanese industry loss warranties (ILWs) has softened by about 25 percent since last year as the reinsurance market prepares for a static 1 April renewal season, sources said
15 March 2013
New ILS launches show multi-strategy resurgence
Two managers have launched new ILS operations as the industry experiences a resurgence of interest from non-specialist investors
15 March 2013
Citizens targets lower coupon on $250mn Everglades Re sequel
Florida Citizens Property Insurance has brought its second Everglades Re cat bond to market and hopes to raise $250mn of cover at a significantly lower premium than the 2012 deal, according to sources
13 March 2013
Aon deal shows Berkshire Hathaway’s evolution
Berkshire Hathaway has agreed to underwrite a 7.5 percent share of Aon's $2.5bn book of Lloyd's business as part of reinsurance head Ajit Jain's response to changes in the market's pricing cycles.
13 March 2013
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