October 2016/1

Stone Ridge Asset Management's three reinsurance funds grew 4 percent in its last quarterly reporting period to reach $4.95bn by the end of July, up from the $4.76bn recorded at the end of April

CEA grows; Fema flood buy; Scales launch; Italian earthquake; Wildfire losses ease; Auto flood losses; Legacy deal for CPPIB

Wholesale broker CRC has launched a new US nationwide all risk and catastrophe facility in partnership with managing general agency (MGA) V3 Insurance Partners.

Sirius is investigating launching a total return reinsurer start-up that would focus on the legacy market, sister publication The Insurance Insider reported.

Cat bond spreads dropped below 4 percent on a loss-free basis by the end of September, according to RMS, as rates continued to edge below yields recorded in 2015 and 2014.

The cat bond market is likely to spring back from the shrinking that occurred in the first half of 2016, according to panellists at the Trading Risk Monte Carlo roundtable.

Currency boosts RBS in ILS; Stone Ridge looks to Lloyd's; ILS Advisers gain

Canadian asset manager Crosswinds has founded a specialty reinsurance company named Crosswinds Re to add to its involvement in the Florida (re)insurance market.

Leadenhall Capital Partners obtained a BBB+ rating from Standard & Poor's (S&P) for two private cat bonds, in a move that will help the ILS manager demonstrate that it has a portfolio capitalised to an investment-grade level.

Cat bond user base to shift; Axa wary on cat bonds

Equity analysts suggested that reinsurers were being optimistic in talking up the prospect of the market finding a pricing floor in 2017, as they warned carriers might have to wait another year for flat renewals

Reinsurance buyers could have more success in lowering rates by opening up all layers of a programme to ILS capital, rather than just trying to push minimum cat bond rates down at the top end of programmes