Risk losses

London-listed (re)insurer Catlin has reported that rates for its catastrophe-exposed business classes decreased by 6.9 percent over the first nine months of the year, while non-cat rates were virtually flat with a 0.3 percent decline.

Twelve Capital CEO Christoph Buerer says that opening a new London office will ensure the firm is "where the talent is" after it added several new analysts to the team

Specialist ILS fund manager Twelve Capital has appointed Jan Kleinn to the new role of head of ILS analytics and unveiled plans to build a team of analysts to study natural and man-made catastrophes.

RenaissanceRe CEO Kevin O'Donnell warned that buying retrocession cover is not a panacea for falling reinsurance rates, after the reinsurer cut back its top line catastrophe premiums by 33 percent in the second quarter.

American International Group (AIG) quadrupled the size of its latest Tradewynd Re cat bond to $400mn from a $100mn target, as its tactic of providing investors with extra disclosure appeared to pay off.

AIG raised the target on its second Tradewynd Re issuance to $180mn as indicative pricing on the deal has narrowed, Trading Risk understands.

The greater variety of fund structures available in the convergence space is opening up the market to a new set of investors, says Third Point Re lead portfolio manager Manoj Gupta.

Allianz's head of group reinsurance solutions Insa Adena tells Trading Risk why she wants innovation on the ILS market to continue

ILS returns are still "awesome" even though spreads have shrunk significantly this year, RMS managing director Peter Nakada said at a PWC ILS roundtable hosted in Monte Carlo today.

RenaissanceRe's permanent sidecar DaVinci Re had its financial strength rating upgraded from A+ to AA- by Standard & Poor's (S&P), after the agency applied its new insurance criteria to 22 reinsurance groups that it rates

The Florida Citizens renewal created tensions in the market as other Floridian insurers initially pushed for similar rate reductions, according to Guy Carpenter managing director Lara Mowery.

Luzi Hitz and Eduard Held argue that the market now has the building blocks in place to trade UK flood risk.