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ILS investors

  • Hannover Re Q1; UPC hit by costs; FedNat profits fall 67%; Securis SPA; London innovation; Munich Re results...
  • The California Earthquake Authority (CEA) is set to close its Ursa Re 2017-1 cat bond above target at $925mn, according to sources
  • First quarter returns from a number of ILS funds investing in private reinsurance instruments have come in significantly below gains delivered in the same period last year, in what is likely a reflection of elevated catastrophe activity in Australia
  • Alleghany earned $3.4mn during the first quarter from its stake in funds managed by Pillar Capital Management, up 9.7 percent from $3.1mn in the same period a year earlier
  • Net income for DaVinci Re has dropped by 27 percent year-on-year to $41.21mn for the first quarter, after lower investment gains impacted the result
  • April was one of the busiest months in the cat bond market's history, with $3.08bn of new issuance market
  • Managing general agency (MGA) Ventus Risk Management has signed up a top five ILS manager to provide it with capacity for its portfolio of small-to-medium-size enterprise commercial US insurance business
  • Nationwide Mutual Insurance Company has increased the target size of its new Caelus Re V 2017-1 cat bond by 25 percent to $375mn, according to sources
  • The target insurance spread on the new Everglades Re cat bond for Florida Citizens Property Insurance has narrowed to the lower end of initial forecasts, according to sources
  • The California Earthquake Authority (CEA) is seeking $500mn of reinsurance from a new Ursa Re 2017-1 cat bond, according to sources
  • The ILS market has been "firing on all cylinders" in early 2017 and could be in for a record year for issuance volumes, Willis Towers Watson Securities said in its latest ILS market report
  • The Integrity Re cat bond for Florida insurer American Integrity Insurance Company is expected to upsize slightly from an initial target of $178mn to $210mn, according to sources