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First quarter cat bond issuance has already reached $1.56bn after the World Bank's Latin American earthquake cat bond upsized to close at $1.36bn, according to Trading Risk data.
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XL Catlin said it had upped the amount of retrocessional support it draws on from third-party capital providers to more than $3bn, after placing more than $500mn of new catastrophe limit for 2018.
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Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.
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The World Bank's South American cat bond has priced just below the upper end of a revised target range at $1.36bn, according to Trading Risk sources.
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Bermuda-based Validus Holdings said $78mn of its $120.8mn Q4 losses were attributable its insurance-linked securities management unit AlphaCat.
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The upper size limit on the World Bank's South American cat bond has expanded 39 percent to $1.39bn.
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Securis has parted ways with its head of origination Neil Strong after a significant management restructure that has elevated Paul Larrett to the new role of chief underwriting officer and head of non-life analytics.
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Aon Benfield has forecast that continued momentum from 2017's record-breaking cat bond issuance will push this year's total to $8bn-$9bn.
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ILS managers are "running toward" the potential to grow their market share rather than running away from last year's losses, Willis Towers Watson Securities said in its latest market report.
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Aetna Life Insurance's $200mn Vitality Re IX cat bond has priced at a record low with both tranches of the deal settling below the initial guidance, according to sources
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Axis said it would combine its ceded reinsurance operations and third party capital business into a single department as it announced a broader restructure.
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Hannover Re has extended the maturity on a $50mn Seaside Re cat bond lite transaction that it fronted, a Bermuda Stock Exchange (BSX) announcement noted.
