-
This year began with a flurry of cat bond transactions while existing sponsors took advantage of the soft market and expanded their coverage, as 2017 set a new record for cat bond issuance.
-
Validus Re is seeking to raise $325mn from its first cat bond, an annual aggregate deal called Tailwind Re, Trading Risk understands.
-
The $75mn class D layer of Nationwide Mutual's Caelus Re V cat bond has triggered and is expected to be a significant loss after the insurer recorded major wildfire claims, according to sources
-
Hiscox Re has named Megan McConnell as a new director of underwriting for Hiscox Re and joint active underwriter for the firm's Syndicate 33.
-
Solidum Re said that the first secondary market cat bond trade has taken place on a private ILS blockchain the firm created earlier this year.
-
French insurer Covea Group has launched its first cat bond offering as it seeks to raise EUR 90mn ($106.8mn) of cover against French windstorm risks.
-
Swiss Re is the leading reinsurer for the main Californian primary P&C writers, some of which may draw on their reinsurance policies following wildfires in the state last month, analysis from sister publication The Insurance Insider shows
-
USAA has extended the risk period for its Residential Re 2013-2 class 1 notes that were due to mature on 6 December, as it held back half of the bond's $80mn principal pending a potential wildfire claim
-
The Californian Earthquake Authority (CEA) is set to raise $400mn of cat bond cover from the Ursa Re 2017-2 transaction at pricing that has settled in line with its expectations, Trading Risk understands.
-
Rates for remote cat bond layers have only increased slightly following losses from Harvey, Irma and Maria and the Mexican earthquakes, GC Securities told Trading Risk.
-
The 2017 catastrophe events have highlighted the extent to which ILS managers are benefiting from industry loss warranty (ILW) hedging, but market sources have questioned where the losses will ultimately fall as more clarity is gained over HIM claims in months to come.
-
Third quarter catastrophe losses represented a 7 to 14 percent hit to the shareholders' equity of global reinsurers, with major catastrophe writers such as Everest Re, Lloyd's of London, Lancashire and RenaissanceRe the most severely affected
