-
USAA is targeting $175mn from its Residential Re 2018-1 cat bond which will provide protection against US multi-peril risk.
-
American Integrity Insurance Company has slimmed down the target size of a higher-risk tranche of its new Integrity Re cat bond, but the insurer is still on track to close the largest layer of the ILS deal below its target pricing.
-
Five tranches of Bermuda-listed cat bonds, worth a combined total limit of $366.8mn, have had their maturity dates extended in the past week.
-
The oversupply of reinsurance capacity for Japanese wind, flood and earthquake perils capped any anticipated post-HIM rate rises in what turned out to be a broadly flat April renewal, according to Willis Re.
-
Insured losses from winter storms rarely rival those resulting from hurricanes and tornadoes but nonetheless they can still reach billions of dollars and may make their way into the ILS market.
-
First quarter returns from a group of ILS funds tracked by Trading Risk have improved year on year as the market gained ground after last year's losses.
-
Cat bond volumes rose to $3.48bn in the first quarter, as diversifying non-US deals bolstered issuance.
-
Stone Ridge was a leading supporter of some of the new sidecar vehicles that emerged at January's renewal, including Sussex Capital and deals from MS Amlin and Chaucer.
-
Several Florida cat bonds among new second quarter ILS transactions have set tight pricing precedents that will undoubtedly be used by insurers to try to keep a lid on rate movements in the upcoming mid-year renewals.
-
Mark James has joined CNA as reinsurance buyer after leaving his position as deputy chief ceded reinsurance officer at AIG.
-
City National Rochdale's select strategies ILW feeder fund posted a loss of 3.90 percent in its first six months of operation, according to a Securities and Exchange Commission filing, as it benefitted from a reduction to Hurricane Irma loss estimates.
-
UPC's Armor Re II cat bond has priced 17.7 percent below the midpoint of the initial spread guidance at 350 basis points (bps).
