Hurricane

Glacier Re has withdrawn its arbitration case over the Nelson Re cat bond and investors will be repaid the $67.5mn outstanding capital in full

Credit Suisse Asset Management has released roughly 80 percent of the assets in the hurricane Sandy side pocket it created for the Iris Low Volatility Plus Fund.

Nationwide Mutual has increased the target size of its Caelus Re III bond by $70mn to $270mn as strong investor demand pushed down pricing guidance on the issuance, Trading Risk understands.

US insurer Nationwide Mutual has returned to the ILS market for the third time with a $200mn renewal of its 2010 Caelus Re II cat bond, according to a pre-sale note from Standard & Poor's (S&P).

The Florida start-up insurer Weston Insurance Company will seek $1bn of reinsurance cover from both the traditional and alternative reinsurance market for the coming hurricane season, sister publication The Insurance Insider has reported.

Swiss Re Successor X (2011-3) cat bond are within a fraction of triggering after PCS released its second loss estimate for Hurricane Sandy, Trading Risk understands

PGGM linked to SNS Reaal deal; Hertfordshire fund invests £32mn in ILS; Credit Suisse reduces Sandy loss; Catco's Sandy losses total $140mn

London-listed asset manager Catco kept its loss estimate for Hurricane Sandy steady at $140mn, according to its final full-year results.

The two AlphaCat sidecars run by reinsurer Validus reported $32.5mn of losses relating to Hurricane Sandy in the fourth quarter, however the vehicles were still profitable over the full year.

PCS has significantly increased its industry loss estimate for Hurricane Sandy to $18.75bn, Trading Risk understands.

Swiss Re and three Japanese insurers - Sompo Japan Insurance, Mitsui Sumitomo Insurance, Tokio Marine & Nichido Fire Insurance - have been selected to provide capacity for a new World Bank-sponsored scheme that will provide disaster cover for Pacific Island nations.

The Aon Benfield All Bond ILS index posted a 9.9 percent return in 2012, up from just 3.2 percent in 2011 when three cat bonds were declared full losses, the broker said in its fourth quarter report on the ILS market.