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  • 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
  • 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
  • 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
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.