Trading Risk February 2018
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Mercer Investments principal Robert Howie said that single-digit reinsurance rate increases may be attractive to ILS investors given the performance of other asset classes.
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Markel Catco's "eye-catching" hike to its wildfire loss reserves in its December monthly report implies that the Californian disasters triggered the firm's "floating back-up" pillars, according to a Numis analyst's note.
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Securis and StarStone have agreed a partnership that will expand the ILS manager's US property insurance portfolio, Trading Risk has learned.
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Guy Carpenter told Trading Risk that rate increases on retro business ranged from 5 to 25 percent on a risk-adjusted basis, with pricing dependent on loss experience.
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AIG's surprise move to take over AlphaCat parent Validus continues the trend for reinsurer-affiliated asset managers to dominate M&A activity within the ILS management sector.
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The 2017 calendar year was the costliest on record for weather events, with insured losses estimated at $132bn, according to Aon Benfield's Impact Forecasting.
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Aspen Insurance CEO Stephen Postlewhite has left the company, the Bermudian carrier said in a statement last month.
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Former Novae direct and facultative (D&F) head Nik Lucking is to lead Barbican's new property D&F underwriting platform in Bermuda.
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TigerRisk has hired Marc Beckers as partner and head of Europe, Middle East and Africa (Emea).
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Hymans Robertson has hired actuary Baljit Khatra from Mercer as a risk transfer consultant.
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Axis said it would combine its ceded reinsurance operations and third-party capital business into a single department as it announced a broader restructure.
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Undoubtedly, prior positive returns were one of the factors that weighed with investors who supported Markel Catco's successful reload last year.