April 2013/1

ANV stake adds to OTPP's heavyweights; LGT opens Bermudian cells; Blue Capital in second round of fundraising

Property sums insured for European windstorm risk have increased by 1.9 percent year-on-year across the 11 markets covered by data company Perils

PartnerRe is the latest reinsurer to establish its own strategic sidecar vehicle with the launch of the $75mn Lorenz Re

Leadenhall Capital Partners has launched its first commingled fund solely focused on life insurance-linked investments, the Dublin-based Leadenhall Life Insurance Linked Investments Fund

ILS fund manager returns have begun 2013 on a positive trajectory after improving on fourth quarter increases

Tokio Millennium Re recouped $20.5mn from industry loss warranties (ILWs) traded as livecat contracts during Superstorm Sandy, the company disclosed in its 2012 annual report

Strong demand in the secondary cat bond market is resulting in "pre-sell" bids being placed on new notes above par value before the deals have even closed, according to sources

The cat bond market has softened more quickly in 2013 than during the last soft market just before the 2011 Tohoku quake, according to a new report from Lane Financial

The 1 June renewal of the Texas Windstorm Insurance Association (TWIA)'s $850mn cat programme remains uncertain, with the very existence of the residual insurer under considerable threat.

Rates on Florida business are expected to soften at the 1 June renewal despite significant new demand for limit in the market.

Cat bond issuance has picked up pace to boost first quarter issuance to $1.35bn, just behind last year's record-breaking $1.5bn

Reinsurance programme restructures from two very different buyers in the lead-up to the key mid-year wind renewal have provided early evidence of an expected increase in participation from alternative providers in the traditional open market for US cat reinsurance.