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Latest ResRe upsizes to $400mn
The latest Residential Re 2012-2 cat bond offering from USAA has significantly expanded to close at $400mn from an initial target of $250mn, Trading Risk understands
27 November 2012
Credit Suisse: PCS likely to underestimate Sandy loss total
Credit Suisse Asset Management says it expects the final Property Claim Services (PCS) loss estimate for Superstorm Sandy to remain below $20bn, even though the ultimate insured industry loss could be higher.
27 November 2012
Sandy uncertainty continues as AIR updates numbers
Significant uncertainty continues around the ultimate insured losses from Superstorm Sandy as new forecasts flow in from modellers and reinsurers.
27 November 2012
Bermuda still the home of new capital
Axis chairman Michael Butt says Bermuda may never see another wave of traditional start-up (re)insurers like 2001 or 2005 but remains the location of choice for the ever-constant flow of new capital into the industry
26 November 2012
Catlin: Sandy final cost likely less than feared
Lloyd's and international (re)insurer Catlin believes that insured losses from Hurricane Sandy are likely to fall short of the $25bn-$30bn top end of current estimates.
23 November 2012
ILS Advisers to launch index tracker fund-of-funds
Hong Kong-based advisory firm ILS Advisers hopes to raise $50mn-$100mn for a new fund-of-funds for the ILS market in the first half of next year.
23 November 2012
PCS first tally of Sandy losses comes in at $11bn
Industry loss aggregator PCS has released its first loss tally for hurricane Sandy, putting total insured losses at $11bn, according to sources.
21 November 2012
DCG Iris defers second-round closure
Dexion Capital's closed-ended ILS fund DCG Iris has deferred the deadline for its second-round share issuance by three weeks as a result of Hurricane Sandy.
21 November 2012
Endurance buys Galileo weather business
Bermudian specialty (re)insurer Endurance Specialty Holdings has bought Marty Malinow's Galileo Weather Risk Management, which it will use as the launch pad for a new weather trading unit, Endurance Global Weather.
20 November 2012
Magnetar alumni starts new ILS venture
Stone Ridge Asset Management is marketing two new ILS funds under the leadership of Ross Stevens, a former Magnetar executive, according to SEC filings.
20 November 2012
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