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Everest Re is seeking $600mn from new two cat bonds, Kilimanjaro Re II 2017-1 and 2017-2, according to sources.
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Rates on most Japanese property catastrophe excess-of-loss (XoL) treaties look set to drop by about 5 percent when they renew on 1 April, according to sister publication The Insurance Insider.
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Heritage Insurance Holdings has expanded the list of ILS suppliers on its risk transfer programme for 2016-2017, according to the firm's full annual report.
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Allstate's latest Sanders Re cat bond and Sompo's Aozora Re have both reached their upsized targets as pricing on each deal settled at the lowest end of guidance, according to Trading Risk sources.
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The outlook for reinsurance demand growth in Florida is more subdued than in past years, although the environment remains changeable several months from the 1 June renewal.
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Lloyd's managing agent Argenta has been acquired by Hannover Re after a lengthy negotiation, the companies announced today.
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Louisiana Citizens Property Insurance Corporation is seeking to raise $100mn from a new Pelican Re cat bond, Trading Risk understands.
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Thunderstorms cost insurers as much as hurricanes in the period from 2003 to 2015, according to a report from Willis Re and Columbia University.
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Insight Investment has hired Deutsche Bank's head of corporate pension origination Andrew Reid to join its institutional business development team, the company confirmed.
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A KKR affiliate and Caisse de dépôt et placement du Québec (CDPQ) have agreed to buy US broker USI Insurance from Onex Corporation in a deal valuing the company at $4.3bn.
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US property cat specialist Icat and its parent Paraline Group have appointed Evercore to advise on strategic options that could include an eventual sale, sister publication The Insurance Insider reported.
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XL-owned ILS manager New Ocean has set up a new third-party capital vehicle that follows an algorithmic trading strategy, Trading Risk revealed earlier this month.
