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IFEX buyout in pipeline
Insurance entrepreneur Neil Eckert is enacting a management buy-out of the catastrophe derivative trading platform IFEX, Trading Risk understands.
08 April 2011
ILW rates climbing after Japan and Q1 cats
Quake products are leading the rise in industry loss warranty (ILW) prices, with California prices up by two thirds in the wake of the catastrophic 11 March Japanese earthquake, Trading Risk understands.
08 April 2011
News in brief: life ILS
FSA blocks triple-X loophole; BNPP in EV deal; Pension funds may offload up to £20bn of risk
08 April 2011
Bankers not worried about DIY triple-X deals
Bankers and reinsurers are confident they won't lose out from the precedent set by London-listed insurer Legal & General, which bypassed other suppliers to complete a transfer of triple-X redundant reserve reinsurance earlier this year.
08 April 2011
Triple-X pricing falls as competition builds
Firms seeking reinsurance solutions for their triple-X and A-XXX redundant reserves are pushing for better pricing and longer-dated deals, as the number of bankers chasing their business rises.
08 April 2011
News in brief 2
Casualty index launched; K6's quake knock; Crystal Credit redeemed; Aspen's collateral protection
08 April 2011
Greenlight not so bright in 2010
Hedge fund-backed reinsurer Greenlight Re reported a 57 percent year-on-year drop in net income to $90.6mn for 2010.
08 April 2011
Kane buys HIM
Risk and insurance management specialist Kane Group has purchased leading cat bond administrator HSBC Insurance Management (HIM) in a private equity-backed deal worth $27.5mn.
08 April 2011
CEA eyes up return to cat bond market
The California Earthquake Authority (CEA) is working to source $150mn of cat bond capacity from the capital markets after a 15-month hiatus from the ILS sector.
08 April 2011
News in brief
US coast faces greater hurricane threat; Guy Carp gains CCRIF account; Quakes make 2010 7th costliest cat year; Industry Euro wind exposure up 5%: Perils
08 April 2011
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