-
ILS has been a driver of innovation in reinsurance, Convergence 2025 attendees heard Wednesday. -
Mory Katz joined the broker earlier this year.
-
Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
-
The funds will combine credit and ILS holdings.
-
Ryan Saul will work at Ledger’s broker-dealer subsidiary Ledger Capital Markets.
-
Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
-
Newsom has yet to sign a pending bill to create a public cat model.
-
Returns from cat risk investments stood at 20.1% for the year to 30 June 2025.
-
The allocation is around 3% of the fund’s total assets.
-
Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
-
The insurer of last resort currently has $2.15bn of cat bond protection on risk.
-
Seller White Mountains will retain a roughly 15% fully diluted equity stake.
-
The business has been ~70% owned by White Mountains since January 2024.
-
The facility will initially focus on US, Bermudian and European business.
-
Spectrum joins investors ForgePoint, Hudson and MTech.
-
Pricing has hit historically soft market lows, based on secondary market pricing.
-
Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
-
The manager’s largest ILS holding is in the cat-bond-heavy High Yield fund.
-
Cat bonds have outpaced the returns on private strategies in the year to date.
-
The new Verisk SCS model is increasing expected losses on aggregate bonds.
-
The tropical cyclone is expected to be named Imelda.
-
In the new role, Edward Johnson will be rejoining former Aon Securities colleague Chris Parry.
-
Despite the formation of Gabrielle, there is "a very high probability" of a below-average season.
-
Deals would need to be sized at $50mn plus for transfer to capital markets.
-
The CEA had $19.3bn of claim-paying capacity as of 31 July.
-
The ILS manager has $6.8bn in assets and will be led by MariaGiovanna Guatteri.
-
The measures also seek to encourage greater wildfire mitigation efforts.
-
The sidecar will support five programs providing specialty frequency coverages.
-
Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
-
ILS executives talked pricing, capacity and opportunities in casualty at an ILS roundtable in Monte Carlo.
-
The market has learned lessons from earlier soft market phases that it will apply now.
-
Victory Pioneer Cat Bond Fund also added assets in the past month.
-
The deal is expected to result in $700mn in combined GWP in Florida upon completion.
-
Scott Cobon's most recent title was MD, insurance management services.
-
The sponsor extended two notes issued in 2022.
-
It is understood that CyberCube has been considering a sale of the business.
-
The volume of property cat aggregates placed grew 50% in 2025.
-
Bohm has held senior roles at BMS, Swiss Re and Aon during his career.
-
The trend for private credit in alternative asset management is “set to continue”.
-
The investment bank had stopped offering ILS services last September.
-
The data modeling firm said losses previously averaged $132bn annually.
-
The agency noted inflows to cat bond funds and investor interest in private ILS.
-
Competition from cat bonds in the top layers of programmes applied downward pressure on reinsurance pricing in 2025.
-
Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
-
Funds encompassing private ILS outperformed cat bond strategies in July.
-
The global specialty player is also exploring ILS offerings across specialty and cat bonds.
-
The violations included not using propertly appointed adjusters and failing to pay claims.
-
Market participants have until 13 October to provide any comments.
-
A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
-
After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
-
The purchase brings Sompo an established ILS platform as part of the deal.
-
Last year marked the second consecutive year in which carriers made a positive return.
-
The group claims the White House is undermining disaster preparedness.
-
The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
-
Reinsurers are confident on cat rates and ready to deploy ILS capital.
-
The vehicle will support Platinum Specialty Underwriters, XPT Group’s MGA underwriting unit.
-
The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
-
The company plans to launch in New York and New Jersey next year.
-
American Integrity grew GWP by 30% to $287mn and Slide GWP was up 25% to $435mn in Q2.
-
The estimate covers property and vehicle claims.
-
The reinsurer plans to repeat its 2025 purchasing for property and specialty protections.
-
The firm booked net losses from the LA wildfires of EUR615.1mn in the first half.
-
ILS investors have fought shy of multi-peril aggs due to low confidence in SCS modelling.
-
Both organisations still predict an above-average hurricane season.
-
The Florida carrier said ceded premiums will rise slightly to $106mn in Q3.
-
The sidecar took $19mn of cat losses relating to the California wildfires.
-
The yield figure comprises 6.53% of insurance discount margin and 4.28% risk-free.
-
The forecast has increased since the early July update due to several additional factors.
-
The Texas insurer of last resort previously had to have funding for a 1-in-100 year storm.
-
California wildfires account for $40bn of the insured loss tally in H1.
-
The company also purchased $15mn of SCS parametric coverage.
-
In Q2 last year, Everest ceded $26mn in losses to Mt Logan.
-
The reinsurance CoR fell 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
-
The ILS Advisers Fund Index reported a profit of 1.11% in June.
-
The model becomes the second in the state to get approval to affect ratemaking applications.
-
The vehicle will support Ascot’s casualty business in the US and Bermuda.
-
Markel announced the sale of its global reinsurance renewal rights to Nationwide.
-
Nationwide will delegate management of the policies to Ryan Specialty.
-
Amid $17bn of new deals, cat bond activity included aggregate and cascading structures.
-
The firm attributed a 9% drop in reinsurance NWP partly to higher cession rates.
-
Millions are evacuating after one of the strongest earthquakes in modern history.
-
Mercury’s recovery from the guaranteed percentage of losses is $47mn.
-
This brings the carrier’s total limit on the program to $1.8bn.
-
The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
-
The bond will provide protection on an industry-loss basis, as reported by PCS.
-
Insured losses produced the second highest first-half tally since records began in 1980.
-
The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
-
At least 14 new companies have opened up shop in the state in recent years.
-
Cat bond broking growth contributed to 6% organic growth in reinsurance.
-
Brian Hickey joins the firm from PE specialist AE Industrial Partners.
-
Insurers must write policies in high-risk areas in order to incorporate the model.
-
Canio spent over 19 years with PGGM, with nine of those managing ILS.
-
The firm reported a net pre-tax cat loss of $414mn from January’s LA wildfires.
-
Cat bonds remain attractive for investors seeking risk-adjusted return and diversification.
-
The losses were below May’s $777mn, but almost 3x higher than for June 2024.
-
The suit claims billions of dollars are being illegally withheld.
-
The US accounted for 92% of all global insured losses for the period.
-
US events accounted for more than 90% of global insured losses.
-
State legislation has led to major strides in rate adequacy.
-
We discuss progress in collateral management with our Outstanding Contributor winner.
-
Category 4 and 5 storms could become more common and hit further north.
-
Former ILS lead Matt Holland left the company in May.
-
Despite predicting fewer hurricanes, the numbers are still above average.
-
His last role was ILW practice leader at Acrisure Re.
-
The weather-modelling agency is predicting a below-normal season.
-
The fund was renamed from the Pioneer Cat Bond Fund.
-
The Diversified Alternative Fund’s allocation to cat bonds was up by 31% from $386mn at 31 January.
-
The Bermudian ILS manager has recently changed its name from Mereo Advisors.
-
The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
-
This comes in at the lower end of the initial spread guidance of 725-775 bps.
-
The investment consultancy said yields increased in Q2 by less than could have been expected.
-
The Cayman Islands-domiciled SPI now has four institutional backers.
-
Property cat-focused sidecar capital was up by approximately 10% in H1.
-
The company said the reduction was due to years of steady improvements.
-
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
-
The programme’s total limit this year is down $594mn to $1.36bn.
-
The sidecars will provide capacity for reinsurers and large insurance carriers.
-
Weighted average multiples were down as sponsors capitalised on demand to push spreads lower.
-
The measure could have landed insurers with extra tax on US business.
-
The total return for the Swiss Re Global Cat Bond Index stood at 0.61% for the month.
-
The awards celebration took place at the Hilton Bankside on 25 June.
-
The bond is split across a Series 1 and Series 2 structure, with eight notes in total.
-
The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
-
Everest Re increased the targeted size of Kilimanjaro Re across all four classes of notes.
-
The pensions scheme’s existing ILS holdings to Aeolus and HSCM are in run-off.
-
M&A and shifts in distribution arrangements bring risks and opportunities.
-
Slide is putting faith in tort reforms and will lean into Florida, CEO Lucas said.
-
Allstate attributed the bulk of its losses to three major wind and hail events.
-
Pricing on all classes of notes are being offered at the bottom of the guided range.
-
PCS's loss estimate for the March Missouri SCS pushed the bond beyond its exhaustion point.
-
The California Earthquake Authority upsized its Ursa Re deal by 60% to $400mn.
-
Buyers have turned to retro markets for covers where ILW pricing is less attractive.
-
The Californian insurer had a private deal, Randolph Re, that provided pure wildfire protection.
-
John Kulik will work within Ledger’s broking team, Ledger Investing.
-
The documents figure in a potential criminal case against a CCB employee.
-
In 2024, MGA GWP reached approximately $20bn in Europe.
-
Investors eyeing private ILS include opportunistic allocators keeping watch on storm season.
-
Everest Re has structured its deal into two sections targeting aggregate and per occurrence cover.
-
The pension plan noted in June 2024 that it was exploring new options in ILS.
-
The man is alleged to have conspired with others to falsify LOCs and collateral letters.
-
The number has expanded by around 40% from an earlier update, sources said.
-
The latest update brings the agency’s combined estimate for Milton and Helene to $32.4bn.
-
The executive has 15 years of experience in meteorology and cat analytics.
-
Total yield was 10.93% as of 30 May, including 4.34% of risk-free rate.
Most Recent
