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  • I've only been to the Monte Carlo Rendez-Vous twice, but already the words Monte Carlo and madness have been firmly linked in my mind when it comes to this time in the reinsurance season.
  • The ILS market remains on track to finish 2012 strongly even if recent property cat rate increases plateau, according to industry experts surveyed by Trading Risk before the reinsurance industry's annual gathering.  
  • Hurricane Isaac stirred only a tentative spree of livecat trading in the $125mn Pelican Re indemnity bond from cedant Louisiana Citizens Property Insurance, Trading Risk understands.   
  • Hannover Re's groundbreaking Fac Pool Re securitisation is facing the prospect of major losses as a legal dispute begins over some of the business ceded into the pool, Trading Risk understands.
  • Credit Suisse Asset Management expects to take a 0.2 percent hit to the net asset value (NAV) of its Low Volatility Plus Iris fund as a result of Hurricane Isaac, according to a disclosure from the listed DCG Iris fund.
  • As Hurricane Isaac bears down on Louisiana, interest in livecat trading has focused on the state insurer's $125mn Pelican Re cat bond, however trading activity has been far lower than during last year's Hurricane Irene when Johnston Re was in the line of the storm, Trading Risk understands.
  • Tropical storm Isaac has been upgraded to hurricane strength as it approaches New Orleans in what will be the city's first test of its rebuilt flood defences since Hurricane Katrina.
  • The capital markets are providing an increasingly viable alternative to traditional reinsurance but falling property cat rates may see demand fall next year, according to Fitch Ratings.
  • Hannover Re is aiming to renew its European windstorm bond Eurus, according to a pre-sale note from Standard & Poor's
  • Hurricane Isaac is on track to be the first US landfalling hurricane of 2012, and is drawing parallels with the Hurricane Katrina disaster of 2005 as it heads towards New Orleans