Scor

The combination would have around $2.1bn of assets under management.

M&A deals have resulted in reinsurer affiliated businesses overtaking the market share of independent ILS firms, but asset managers have also grown their share via new launches since 2014.

The bond priced towards the upper end of Scor’s initial target.

One of my colleagues with an affection for Denis Kessler’s turn of phrase once labelled him the Beyonce of the reinsurance world.

Coriolis execs Diego Wauters and Martin Jones will stay for at least two years to continue to run the business.

The company is now targeting $250mn for its latest cat bond, which is being issued in the UK.

John Jenkins will take on the role previously held by Jean-Paul Conoscente, who now heads the reinsurer’s global P&C business.

The four-year transaction will provide the carrier with protection against US named storms and earthquakes as well as European windstorms.

The insurer’s P&C combined ratio deteriorates to 94.6 percent.

Rates rose by almost 15 percent for cat programmes in the Japanese market, according to the French reinsurer.

People moves in the industry in the past month.

The reinsurer’s ILS team has reshuffled responsibilities as Vincent Prabis moves on from the fund manager.