-
The final version of the Insurance Open Protocol has cut back the frequency of reporting it requires from ILS managers in response to feedback received during the consultation period.
-
Four recent private and cat bond lite deals cleared during the mid-year renewals.
-
A recent flurry of single-state cat bond deals highlighted continuing strong ILS demand as year-to-date issuance surpassed $8bn.
-
LGT ILS funds; Wilton Re buys Aegon US run-off businesses; Cat bond funds reopen
-
Allstate reduced its traditional limit when it renewed its $4.42bn nationwide catastrophe reinsurance treaty at the mid-year renewals, after having cover up to $4.55bn last year, sister publication The Insurance Insider reported.
-
Larger residual insurers were among cedants that prospered in the June renewals from competition for US property catastrophe reinsurance business.
-
Bermuda Stock Exchange (BSX) CEO, Greg Wojciechowski, has joined the board of the Bermuda Business Development Agency (BDA), the BDA announced.
-
Newly issued cat bonds, including the latest Alamo Re and Citrus Re 2017-1, have already traded above par on the secondary market, in a sign of strong ILS demand.
-
Twelve Capital has reopened its Twelve-Falcon Insurance-Linked Strategy cat bond fund to new intakes, as its level of invested assets compared to cash holdings improved in May.
-
Two new private cat bonds have been completed after the 1 June renewal with a $37.0mn Resilience Re issuance and a $65.1mn Market Re bond
-
Tokio Millennium has expanded the size of its Spectrum Re cat bond by more than two-thirds to $430mn, as the transaction priced at the lower end of revised targets, Trading Risk understands.
-
Pricing for the riskier layer of Tokio Millennium Re's $250mn Spectrum Re cat bond has fallen below the initial target range, as the reinsurer looks to close its first major ILS transaction.
