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2012 reinsurance start-ups gain traction
The most recent batch of 2012 reinsurance launches show that the start-up model is evolving and adapting to the new low interest rate environment
13 April 2012
Gupta to spearhead Third Point Re cat entry
Third Point Re has made a strong statement of its intent to build a significant property cat business with the high profile hire of former Goldman Sachs executive Manoj Gupta, Trading Risk can reveal
13 April 2012
Legal ILS pioneer joins Mayer Brown from Dewey
ILS legal pioneer Stephen Rooney has joined Mayer Brown in New York as a partner and co-leader of the law firm's insurance finance group
11 April 2012
Capital markets soak up extra reinsurance demand
Insurers seeking new reinsurance capacity continue to turn to the capital markets more often than the traditional market, Aon Benfield said in its report on the 1 April renewals.
11 April 2012
ILS and ILW rates surge 15 percent in Q1; Lane Financial
Average ILS and industry loss warranty (ILW) rates-on-line (RoL) swelled by 15 percent in Q1 2012 according to Lane Financial but the broker-dealer warned that although prices look good, there is more tail risk lurking in the market portfolio than previously.
05 April 2012
Collateralised players benefit from Asian rate rises
Reinsurance rates continued to rise in the Asian-focused 1 April renewals, prompting greater interest in solutions from the capital markets, Guy Carpenter's renewals report said.
05 April 2012
Forecasters hold to below average hurricane expectations
After a quiet start to 2012 following last year's near record global cat losses, property cat underwriters can expect North Atlantic hurricane activity to be below average in the coming season, according to latest forecasts.
05 April 2012
Paulson funds back Validus’ $500mn PaCRe vehicle
Hedge fund Paulson & Co has joined forces with Bermuda-based Validus Holdings to launch a $500mn reinsurer, PaCRe, in time for the mid-year US wind renewals.
05 April 2012
Citizens launches $200mn Everglades Re
Florida Citizens Property Insurance has launched its first cat bond, Everglades Re, seeking $200mn of cover against hurricane losses on the Florida coast, Trading Risk understands.
04 April 2012
Reith to launch Neon collateralised start-up
Former Ascot CEO Martin Reith is set to launch a Bermudian collateralised reinsurance venture, Neon Capital, in time for the key mid-year US wind renewals, sister publication The Insurance Insider revealed this morning.
04 April 2012
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