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UK regulator the Prudential Regulation Authority (PRA) has published a consultation paper outlining its expectations of how insurers will demonstrate that they are prepared to handle extreme loss events
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A solution for terrorism risks is one of the possible products that could be transacted in London under the London Market Group (LMG)'s plans to bring more insurance-linked securities (ILS) business to the UK.
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The Italian earthquake that struck Umbria in August, killing 297 people, is likely to produce insured losses of just EUR70mn, Unipol Re CEO Marco Sordoni said during a Trading Risk roundtable at Monte Carlo.
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The Canada Pension Plan Investment Board (CPPIB) is set to buy a further 6 percent stake in legacy specialist Enstar, sister publication The Insurance Insider reported.
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Modelling agency RMS estimated that Hurricane Hermine will cost the insurance industry less than $400mn.
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Zenkyoren has nearly tripled the target size on its latest Nakama Re cat bond transaction, as expected spreads on the deal fell to the lower end of the forecast range
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Markel Catco said August returns for the Catco Reinsurance Opportunities Fund would be impacted by a loss from the Jubilee oil field event totalling a 3.5 percent hit to net asset value (NAV).
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Markus Schmutz, the former head of ILS structuring at Swiss Re Capital Markets, has joined Rewire Securities, the company announced.
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The California Earthquake Authority (CEA) increased its traditional reinsurance cover to $3.93bn during the May and June renewals as a multi-year deal was pushed back to an annual term
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Schroders-owned ILS manager Secquaero is planning to launch a dedicated life ILS fund in early 2017 with an initial target size of £250mn-£300mn, CEO Dirk Lohmann said.
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Qatar Insurance Company (QIC) has been identified by sources as the carrier backing Vario Partners, a company that is hoping to structure and invest in whole-account insurance securities.
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Typhoon Meranti, which landed in China's southeastern Fujian province today, is likely to have a limited impact on the ILS sector, according to RMS
