Trading Risk September 2017

Underwriting agencies and fronting carriers continued to see demand from insurance sector investors looking for fee-driven businesses, rather than risk-taking entities, as two more M&A deals in this sector were revealed over the summer.

Rhodri Lane has been appointed London head of capital markets at Aon Securities. He will replace Darren Bailey, who recently left the firm, sources said.

JLT Re has appointed Nicolas Bardon as a partner in its Bermuda operation, reporting to head of office Guy Hengesbaugh.

Willis Re broker Henry Kingham has resigned and is expected to join ILS manager Aeolus, sources told sister publication The Insurance Insider.

JLT Re has hired Andrew Ferrier as executive vice president to lead the Western region, based in the firm's San Francisco office.

Chaucer is working to establish a new sidecar for 2018 as other Lloyd's (re)insurers consider new third-party capital vehicles, sources said.

This is certainly not going to be a year where the reinsurance industry is twiddling its thumbs at the annual Monte Carlo Rendez-Vous.

Cat bond broker-dealers said the market had plenty of impetus left after a record-breaking first half of 2017.

Average ILS fund returns reached 2.23 percent by the end of July, according to the Eurekahedge ILS Advisers Index.

The major continental carriers and dominant catastrophe writers are likely to be among the key reinsurers of the regional and specialist insurers exposed to Hurricane Harvey claims.

The four leading modelling agencies - RMS, Air Worldwide, Karen Clark and CoreLogic - broadly agree wind-driven insured losses from Hurricane Harvey will fall in the low billions of dollars.

Can savings on insurance in the future somehow be leveraged to invest in resilience today?