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Kirby Wisian, vice president of catastrophe risk management at USAA, was named the Outstanding Contributor of the Year at the 2017 Trading Risk awards in London last night
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The latest Pelican Re cat bond is set to offer ILS investors a 225 basis point (bps) spread, setting a new absolute low for a deal with US wind exposure.
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Legislation on proposals to address the assignment of benefits (AOB) problem in Florida that has been besieging Citizens and private homeowners' insurers in the state has yet to be heard in the state's Senate.
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Insured property market losses for extra-tropical cyclone Thomas have been estimated at EUR 213mn, according to catastrophe modelling firm Perils.
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The newly established Eclipse Re platform has issued its first cat bond lite, in a $20mn transaction, according to a Bermuda Stock Exchange listing.
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Reinsurance buyers should think about using ILS not just to provide a portion of their traditional reinsurance covers, but also for capital relief and as a corporate finance tool, according to Mirko Sartori, head of insurance liability management at Generali.
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Everest Re has doubled the target size of its latest Kilimanjaro Re cat bonds to $1.25bn, Trading Risk understands.
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Natural catastrophe risks such as California earthquake and US flood perils are the most likely avenues for future ILS market growth, Elementum Advisors co-founder John DeCaro said at the Convergence London 2017 event
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External capital is waiting to pour into insurance securities once a hard market arrives, according to Tony Ursano, president of reinsurance broker and ILS advisory firm TigerRisk.
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Property Claim Services (PCS) has launched PCS Global Marine and Energy, the firm's first loss-tracking service outside of the property catastrophe sector.
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The Pioneer ILS Interval Fund increased its net assets by 51 percent to $244.8mn during the quarter ended 31 January, according to a US Securities and Exchange Commission filing.
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Palomar Specialty Insurance Company is seeking $143mn from a Torrey Pines Re cat bond, according to sources.
