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Newly approved Lloyd's syndicate Blenheim confirmed that Nephila Holdings is among its capital backers, as it said that further former Cathedral staff would be joining the platform.
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The volume of livecat trading of industry loss warranties (ILWs) prompted by Hurricane Matthew may have reached up to $150mn-$200mn, according to sources contacted by Trading Risk.
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Third quarter returns from a group of ILS funds tracked by Trading Risk were stable year-on-year.
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Blue Capital Management said that it does not anticipate any management changes following the acquisition of its parent company Endurance by Sompo Holdings, the second ownership change for the firm in as many years after Endurance bought Montpelier Re in 2015.
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Indicative reinsurer sidecar returns for 2016 have dropped into the single-digit range, highlighting the impact of catastrophe losses recorded earlier this year
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XL-owned ILS manager New Ocean Capital Management has said its new backer Mitsui & Co would help it broaden its relationships with Asian investors.
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Four weeks on from Hurricane Matthew, cat bond spreads have slipped back in to a pattern of slight softening, according to data from RMS.
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Cat bond specialist Fermat believes the trend towards cat bond lite and hybrid private ILS transactions will "level the playing field" compared to collateralised and traditional reinsurance alternatives
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The first cat bond issuance of the fourth quarter garnered strong investor interest as sources said they expected lacklustre deal volume in the period.
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Deutsche Asset & Wealth Management's ILS fund has withdrawn from writing collateralised retro business and is now focused on cat bond investing, sources told Trading Risk.
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Casualty risk offers an opportunity for the ILS industry to expand beyond catastrophe business, according to Willis Capital Markets & Advisory's head of ILS Bill Dubinsky
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LGT ILS Partners said that it believes a highly rated carrier backed by a collateralised ILS fund could add value to the reinsurance market.
