October 2012/1

Tokio Millennium Re CEO Tatsuhiko Hoshina says the company wants to "evolve with the ILS market" as it announced the launch of a new segregated cell company that will compete with the likes of Kane, Horseshoe and Aon

Three recent trades of Hoplon's MyLotto24 bond have been completed and are among the first exchanges of private bonds on the secondary market, Trading Risk understands.

Reinsurers will be reviewing their risk pricing daily within the next few years as the sector becomes more of a trading market, RMS head of research Robert Muir-Wood predicts

2012-vintage cat bonds continued to be in high demand on the secondary market as prices reached their highest levels for the year at the start of October.

Two hedge-fund start-up vehicles have been broaching new territory in the reinsurance sector, one providing a platform for hedge funds to enter the space and the other delving into long-tail casualty lines

Broker dealer Lane Financial estimated that average premiums in the ILS and industry loss warranty (ILW) market dropped 17 percent during the third quarter.

Solidum Partners has significantly increased the size of its Dom private cat bond at renewal to $34mn, according to data listed on Bloomberg.

Bermudian participation in ILS investment surged in the year to 30 June as specialist fund managers regained their dominant role in the cat bond market, according to Aon Benfield's annual report on the sector

Swiss Re's renewal of the MultiCat Mexico cat bond on behalf of the Mexican government's disaster fund was met with even more demand than Eurus III, Trading Risk understands.

A scant supply of cat bond issuances in the traditionally quiet third quarter and overwhelming investor demand put heavy downward pressure on pricing in the past month, with Hannover Re's Eurus III issuance marking a historical low for a European wind deal of that risk level.

Montpelier Re launched a new asset management platform Blue Water Re in June this year, according to quarterly filings lodged by the Bermudian reinsurer.

Dexion Capital's closed-ended ILS fund DCG Iris says it hopes to complete its first follow-on share issue before year-end, as part of plans to increase its capital to £150mn by mid-2013