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The dominance of specialist ILS funds on the buy-side of the cat bond market is increasingly opening up opportunities for insurers to offload less standardised risks, Munich Re said in its Q2 ILS market report.
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AIR Worldwide has set up a global resilience practice to assist efforts to prepare for and recover from catastrophes around the world.
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Allianz Risk Transfer has more than doubled its target size for the Blue Halo Re 2016-2 bond to $225mn amid strong investor interest, Trading Risk understands.
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Assurant reduced the retention on its US cat cover by almost 20 percent from $155mn to $125mn at the recent 1 July renewal, citing a fall in lender-placed insurance exposure as the reason
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LMG launched a white paper at the House of Commons today (13 July) which proposes creating a foreign aid catastrophe bond.
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Beach & Associates has signed up for a Property Claim Services license for industry loss warranties (ILWs).
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Twelve Capital has completed the $14.55mn Dodeka IX transaction - the second deal in two days, according to Bermuda Stock Exchange listings.
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Jardine Lloyd Thompson (JLT) Capital Markets has closed another private Market Re cat bond at $75mn.
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Twelve Capital has completed the $11.49mn Dodeka V-2016 transaction, according to Bermuda Stock Exchange listings
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The African Risk Capacity Insurance Company (ARC) has appointed Dolika Banda from the World Bank's International Finance Corporation (IFC) as its new CEO.
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Wildfire in Canada, tornadoes and hail in the US and the Japan earthquake will only have a small impact on the (re)insurance sector, panellists agreed at the Guernsey ILS Insight event in Zurich last week (7 July)
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Nephila's fronting partner Allianz Risk Transfer is set to launch a $100mn Blue Halo cat bond, the second in the series, Trading Risk understands.