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Insurtech start-up Extraordinary Re has announced that it will be using technology from exchange operator Nasdaq to run its new ILS trading platform.
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Dutch pension fund PFZW has reported that the value of its ILS portfolio fell by 13.3 percent year-on-year to EUR3.84bn at year-end 2017, but currency hedging losses outweighed the impact of catastrophe claims.
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Sompo International has set up a $62mn sidecar, Blue Lotus Re, to provide cover supporting its global catastrophe reinsurance portfolio in 2018
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The North Yorkshire County Council Pension Fund is looking for an ILS manager to manage between £110mn-£165mn ($153mn - $230mn) of its total assets.
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The Catco Reinsurance Opportunities Fund made a worse-than-forecast 27.6 percent loss for investors in 2017 after its fund manager significantly added to its wildfire reserves in December.
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Leadenhall Capital Partners is representing some of the key backers of Australian start-up life insurer Integrity Group, which has raised more than $165mn to support its launch
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XL Catlin has reshuffled several roles after forming a partnership with private investment firm Gallatin Point Capital LLC in a bid to expand its alternative capital capabilities
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Luca Tres, head of life at Securis, says the life ILS sector needs to steer clear of leveraged asset plays, which could fail if the wider markets collapse
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A smooth reloading of ILS capital and a glut of capacity contributed to catastrophe reinsurance rates rising by less than reinsurers had pushed for following last year's losses, brokers said in early post-renewals reports -
The momentum for retro rate increases at the January renewals slowed at the end of last year, sources said, as lack of new demand and a smooth reload of lost capital meant increases fell short of expectations
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There was a fresh surge of reinsurer sidecar launches during the January renewals, in a signal that further carriers are belatedly recognising the value of managing third-party capital
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There was a fresh surge of reinsurer sidecar launches during the January renewals, in a signal that further carriers are belatedly recognising the value of managing third-party capital
