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XL Bermuda has increased the target size of its two new Galilei Re cat bonds from $1bn to $1.275bn, Trading Risk understands.
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Allied World's investment portfolio will transfer to Fairfax when its $4.85bn sale to the Canadian company closes next year, but this will cover only one aspect of its partnership with Bermudian ILS manager Aeolus.
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Liberty Mutual has raised $160mn of investor capital for Limestone Re, a multi-year collateralised reinsurance vehicle that will support the company's US property catastrophe, homeowners' and London market specialty insurance portfolios.
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Former CEO of Greenlight Re Leonard Goldberg has been reappointed to head the company following the departure of CEO Bart Hedges.
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Munich Re has raised $101.35mn for its Eden Re II sidecar in 2017, Bermuda Stock Exchange (BSX) announcements show.
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Fairfax Financial Holdings has agreed to buy Allied World Assurance in a $4.9bn cash and equity deal.
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Generali is set to close its new motor liability reinsurance securitisation at an upsized EUR255mn ($266mn), well ahead of the EUR180mn it originally sought from the innovative transaction, Trading Risk understands.
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Sensitivity-case hurricane risk modelling has become the ILS market's standard currency, but would shifting to the base-case scenarios provide greater stability for investors and underwriters?
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Industry loss warranty (ILW) purchasing by ILS funds has helped to drive incremental volumes in the niche sector in 2016, market participants said.
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A new regulatory landscape and M&A activity created opportunities for the life sector in 2016, as more companies looked to the ILS sector to transfer risk.
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It has been a sponsors' market in 2016, with undersupply meaning reinsurers have been able to exceed target sizes and secure favourable pricing.
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The Kumamoto earthquake in April was the most expensive catastrophe for insurers this year with insured losses of $5bn, according to Swiss Re Sigma estimates.
