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RenaissanceRe said it had formed the $140mn Fibonacci Re vehicle, which was set up in Bermuda in late December, to provide it with extra property catastrophe capacity.
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A new $140mn reinsurance vehicle, Fibonacci Re, was listed on the Bermuda Stock Exchange in late 2016.
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Stone Ridge Asset Management secured $2bn of capital commitments for its new post-event reinsurance fund throughout 2016, according to the company's latest annual report.
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Hannover Re's Kaith Re segregated cell platform listed a $9.99mn transaction on the Bermuda Stock Exchange on 30 December, taking annual cat bond lite volumes to $213mn.
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The Kaikoura earthquake in New Zealand caused losses for some ILS managers in November last year, impacting monthly returns on the Eurekahedge ILS Advisers Index.
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Reinsurers eager for rates to stabilise in the 1 January renewals had their hopes dashed, according to the 1st View Renewals Report from Willis Re.
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The Pioneer ILS Interval Fund returned 11.23 percent for the year ending 31 October, as the fund's net assets reached $161.7mn by the end of the period.
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JLT Re said that US property catastrophe reinsurance business was "relatively stable" at the January renewals, as average global property cat rates fell by 5.7 percent year-on-year.
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Leo Re, a new $200mn reinsurance vehicle, has been set up ahead of the 1 January renewals, although the sponsor is as yet unknown
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American Strategic Insurance has told investors that 2016 storm losses covered by its Gator Re cat bond have reached $195mn, surpassing the bond's $175mn trigger point, Trading Risk understands.
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Generali's motor liability ILS transaction Horse Capital will open doors to "substantial opportunities" for future innovative risks in the cat bond market, Willis Capital Markets & Advisory (WCMA) said today.
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Cat bond premiums remained relatively stable in Q4 after falling 11 percent in the third quarter, according to Lane Financial's rate-on-line index.
