Swiss Re

The average second quarter returns for a group of ILS funds tracked by Trading Risk has increased to 1.36 percent, compared with 0.79 percent for the same quarter last year.

Non-life insurance premiums rose 2.8 percent in 2017 as expansion in emerging markets slowed.

July’s renewals may outperform 1/6 which focused on Florida-attracted alternative capital.

Swiss Re said it had ended talks with the Japanese technology investor Softbank about a possible minority stake deal.

The vice president in insurance investment banking is leaving after four years at the firm.

The reinsurer also benefited from low loss experience as first quarter net income rose 7.5 percent.

Discussions between the reinsurer and technology investor SoftBank are at a standstill, Bloomberg News reported yesterday.

Swiss Re has increased its estimate for global insured catastrophe losses in 2017 to $144bn making last year the costliest year ever for disaster claims.