-
The weighted average spread for cat bonds has fallen to 4.91 percent at the end of H1 2018, after a brief increase to 5.10 percent at the end of 2017.
-
Hurricane Lane is set to be more of a flood event than a wind event for insurers, the ratings agency said. -
The California Earthquake Authority (CEA) has returned to the cat bond market with a single tranche of class D Ursa Re notes, for which it is offering an initial spread of 490-540 bps.
-
Twelve Capital issued the Dodeka XVII notes on the Bermuda Stock Exchange yesterday.
-
Reinsurers relied on ILS providers for 21 percent of their retro cover for a 1-in-250 year event in 2017, the ratings agency said.
-
Alternative capital rose $6bn in Q1, Aon Securities said in its latest Reinsurance Market Outlook report.
-
Pricing for the Cal Phoenix Re cat bond has settled 20 percent above the initial guidance at 750 basis points.
-
The ratings agency says insurers may need to pursue loss-reduction strategies, with 2018 possibly on track to produce more claims than 2017.
-
The Floridian insurer also said it had walked away from an M&A transaction in the past quarter.
-
The Floridian insurer’s Q2 net income was pushed down by 64 percent to $2.41mn as high losses countered a 23 percent increase in earned premium.
-
ILS managers' income is going to be dented by lost performance fees.
-
A decision to stop ceding business to its Silverton Re sidecar and an accounting change led to the drop in net written reinsurance premiums in Q2.
