October 2016/1

Reinsurers sought to declare that the market was nearing a pricing floor as the Monte Carlo Rendez-Vous kicked off the traditional lead-up to the January renewal season

Specialist investors continue to dominate the ILS landscape but hedge funds have increased their participation after buying new issuance in the past year in response to higher-yielding deals on offer, Aon Securities said in its annual review of the sector.

Cat bond upsizing climbed to new heights for the past year in the third quarter as the $925mn in final quarterly volume of public 144a ILS transactions came in at almost three times the $350mn originally targeted.

Recent research has overturned the traditional assumption that there is no correlation between earthquake risk along the northern and southern parts of the San Andreas Fault in California

Solvency II could drive increased activity in the life ILS sector as insurance companies are forced to hold more capital and look at ways of de-risking that capital, according to leading life experts.

Parametric solutions could offer a way for the ILS market to expand into cyber risk, according to Rick Welsh, CEO at Lloyd's managing general agency (MGA) Sciemus

The (re)insurance industry faces disruption and disintermediation as a result of new technologies, reinsurers warned at the Monte Carlo Rendez-Vous last month

The reinsurance industry is dominated by talk of disruptive threats, cutting out loops in the supply chains and getting "closer to the risk".

Aon Securities has appointed Darren Bailey to lead the company's London-based capital markets business, replenishing its UK operation after losing two staff from the unit earlier this summer.

Continuing pressure for broader peril coverage is expected to be one of the themes of the upcoming retro renewals at 1 January, as a handful of buyers made early steps towards securing capacity.