May 2015/1

AM Best assistant vice president Steven Chirico told an audience at the Reactions alternative capital event that the agency is assessing at least three candidates for new hedge fund reinsurance vehicles

There is plenty of room for the ILS market to triple its current share of the reinsurance market, according to AlphaCat portfolio manager Paschal Brooks

Lottoland completes EUR100mn deal; Pillar boosts Q1 profit; Allied World lifts Aeolus allocation; Towers Watson still positive on reinsurance; Catco share sell downs...

A small Australian insurance carrier specialising in motor and personal lines is the second company to test ILS investor appetite through the online Rewireconnect platform, sources told Trading Risk

US state-specific wind bonds have been changing hands over the past month in reaction to a flurry of new issuance from Floridian insurers and state wind pools, according to US regulator Trace's Finra database

Axa Global Life's Benu Capital bond priced in April and became the riskiest mortality bond ever placed in the market

Deals from US state wind insurance pools have contributed $1.4bn to the cat bond market this year, accounting for just over a third of total 2015 volumes to date

Lower oil prices are taking their toll on the energy insurance market as record capacity has converged with a fall in demand.

On 23 April, the US Treasury took its first action since 2003 to curb so-called "hedge fund reinsurance companies".

Perils puts Niklas cost at EUR853mn; Allstate sources $439mn seven-year cover; IAG on edge of payout; Allianz Re to target risk sharing; Ex-ANV CEO to target alternative capital; Citizens board approves $3.9bn additional cover; Golden Gate backs $750mn life start-up

Credit Suisse Asset Management is preparing to launch a second rated reinsurance entity less than a year after it helped establish Kelvin Re, Trading Risk understands

Italian investment company Exor has increased its bid for PartnerRe from $130 to $137.50 per share and acquired a 9 percent stake to become the reinsurer's largest shareholder.