ILS
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LA wildfire-exposed ILS positions experienced further declines. -
Recent transactions on the platform include cat bonds from Flood Re and Brit.
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The ILS segment is not ready to gloss over loss-heavy years in renewal discussions.
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Lara Martiner joined Allianz in 2011 as group legal compliance officer and legal counsel.
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Industry sources estimate the market to be around $3bn.
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The firm also promoted Devin Inskeep to an expanded role as SVP, head of ratings and advisory.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
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Indirect exposure to cat risk through long-term investors gives Markel optionality.
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Premiums ceded to the ILS vehicle increased by 76% to $433mn.
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The reinsurer had taken the opportunity to buy more limit across event and aggregate covers.
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ILS as a percentage of the pension fund’s total assets grew to 1.5%.
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GP Affluent Markets will look to serve high-net-worth individuals.
