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  • French reinsurer Scor has appointed a new head of longevity to spearhead its entry into the longevity risk transfer market in the UK.
  • The Volcker Rule regulating derivatives trading is on its way to a vote in the US Senate after policymakers last week finalised a financial reform bill now known as the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  • Goldman Sachs subsidiary Rothesay Life has signed up to insure £1.3bn of pension liabilities for a British Airways (BA) defined benefit scheme.
  • ILS investors are still keen to invest and diversify their portfolios despite a glut of US wind catastrophe bond issues this season, says a report from reinsurance broker Willis Re.
  • Former Aon Benfield Securities director Lorenzo Volpi has joined London-based ILS investment manager Leadenhall Capital Partners to step up investor marketing at the firm, Trading Risk can reveal.
  • The Shore Re Massachusetts windstorm cat bond has reached its $100mn target but failed to raise interest in a second layer of class B notes, Trading Risk understands.
  • Convergence market luminaries gathered in London last night (1 July) to celebrate and reward the skill, innovation, dynamism and vision so evident in this sector at the Trading Risk Awards 2010
  • Convergence market intellectual and operational heavyweight Morton Lane was heralded as the Outstanding contributor of the year at the Trading Risk Awards dinner last night (1 July) in London.
  • Hurricane Alex, the first storm in what is expected to be a heavy season, is forecast to make landfall in the early hours of Thursday morning (1 July, US time) and with a CME hurricane index (CHI) value of 2.9, according to broker TigerRisk's new live storm tracking service.
  • Standard & Poor's (S&P) has lowered credit ratings on Swiss-based transformer vehicle Allianz Risk Transfer (ART) by one notch to AA-, to reflect the impending expiry of the bulk of its intragroup business.