Hurricane

Willis has promoted convergence market pioneer John Cavanagh to chief executive of the broker's reinsurance arm Willis Re

2011 is the second most expensive year for cat losses that the (re)insurance industry has ever endured with between $100bn and $106bn of claims. But the geographical distribution of losses was still more striking than the quantum

The new RMS hurricane model may not have moved cat bond pricing, but its release has taken a toll on the modelling agency's market share in the new issuance market

The Chicago Mercantile Exchange (CME) traded 1,500 seasonal hurricane options representing $15mn of notional limit in January, according to information from the exchange

The cat bond market is soaking up new demand for peak European and US reinsurance cover amid generally temperate buying activity at the January renewals according to an Aon Benfield report.

The best and worst years over the past decade for the ILS market provided the greatest test of fund managers' mettle, according to data compiled by advisory firm bfinance.

Broker-dealer Swiss Re Capital Markets traded $800mn of cat bonds in 2011, proving liquidity during live natural catastrophe events.

2011 has been another stop-start year for the cat bond market as it navigated several major obstacles but sales are now accelerating strongly into 2012.

Glacier Re extends Nelson; Top staff depart Kane; Swiss Re CEO to retire

The ILS market's risk appetite has proved "remarkably stable" amid a highly volatile year, Lane Financial partner Morton Lane wrote in a recent report.

Trading platform ICE is continuing to list seven Ifex event-linked futures contracts after de-listing a group of the products earlier this year

ILS funds and traders must create their own transparency in the cat bond market by actively working with broker-dealers to get a sense of the market price, according to Elementum Advisors founding partner John DeCaro