Stocks
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The expected losses from the December hailstorm in Sydney have risen from A$871mn to A$1.2bn.
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The new cat bond lite transactions include an unusual collateralisation feature for second-event covers.
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The "blank cheque" company Insurance Acquisition Corporation is led by John Butler, who previously worked for Twelve.
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Brokers could act as market makers for ILS transactions listed on the exchange. -
The reported estimates from insurers have increased by up to 140 percent since Q3 2017.
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QSP+ is changing capital and fronting partners, CRC Group CEO Dave Obenauer said.
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Stone Ridge’s reinsurance interval fund fell to $5.02bn of assets by early March, after an increase in investor redemption requests in its latest quarterly buyback.
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The takeover was announced in October last year and all parties now anticipate closing the transaction “as soon as possible”.
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The fund’s chairman said the fee reduction was “welcome news” given the significant proportion of the company's asset base tied up in side-pocket investments.
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The $50mn ILS vehicle of Fidelis, led by CEO Richard Brindle, was launched on 1 June 2018.
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The regulator intends to publish further material to support the industry after the consultation period.
