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A favourable issuance environment is likely to help the cat bond market regain the $24bn size it was at the start of 2016 after shrinking in the first half, according to Swiss Re's July ILS update.
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Allstate cut back its excess reinsurance cover in Florida this year by $75mn.
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Hannover Re passed on EUR140mn ($156mn) of claims from catastrophes to retro providers in the first half of 2016
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Lloyd's insurer Novae said that its new Special Purpose Syndicate (SPS) 6129 with London-based ILS manager Securis Investment Partners helped its top line property premium income rise by 7 percent in the first half of 2016 to £258.1mn
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Cincinnati Financial has hired three managing directors for its new reinsurance platform
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Alleghany earned $3.9mn during the second quarter from its stake in funds managed by Pillar Capital Management, up from $1.0mn in the same period of last year
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Global Parametrics, which offers catastrophe and weather risk transfer solutions for low and middle-income countries, has appointed a former World Bank financial officer Hector Ibarra as its chief executive officer.
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Chubb has appointed Michael Kessler chief reinsurance officer to replace Bill O'Farrell, who is leaving to pursue other opportunities, the company said yesterday
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Insurers are likely to retain the bulk of claims from Texas hailstorms that have marred Q2 results for some (re)insurers, RenaissanceRe CEO Kevin O'Donnell said on the company's earnings call.
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Aspen wrote 45 percent more gross catastrophe reinsurance premium in the second quarter than a year earlier, following a dip in this line of business in Q1.
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Validus recovered $81mn of its Canadian wildfire and Jubilee oil field losses from the retro market in the second quarter, including via a non-elemental marine industry loss warranty
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Axis Capital lifted its property catastrophe gross written premiums by 29 percent in the second quarter to $123.5mn, although CEO Albert Benchimol said that the carrier was retaining less net risk as it made more use of retrocession and third-party capital
