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Assets under management (AuM) at the top 10 ILS funds grew by 7.7 percent in the half-year to 1 July, as growth accelerated from late 2015.
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The Insurance Bureau of Canada (IBC) estimated that insured losses from the Alberta wildfires in May are likely to cost C$3.58bn ($2.76bn), coming in C$1bn lower than previous industry loss estimates from Property Claim Services.
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Softer reinsurance pricing and subdued investment returns may start to see cracks emerging in certain hedge fund reinsurance (HFR) models, Standard & Poor's (S&P) said.
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ILS rates rose 1.6 percent during the second quarter, following a much stronger 7.5 percent gain in Q1, according to Lane Financial's rate-on-line index.
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PartnerRe has made a number of appointments after restructuring its business units, the reinsurer announced today (6 July)
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The use of PCS loss index triggers increased 27 percent in the second quarter to make up $1.7bn of cat bond volumes, and represented nearly 70 percent of all North American issuance, the firm said (6 July).
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Brexit market volatility could increase investor interest in the ILS sector but the results are not expected to be meaningful, various market participants agreed
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Harrington Re, the joint venture between Axis Capital and Blackstone, has gained an A- rating from AM Best after completing a $600mn capital raise.
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Gator Re regained some value on the secondary market during trading in late June and early July, according to Finra Trace data
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The average ILS fund was up by 0.12 percent in May, as Canadian wildfire losses started to take a toll on the market, according to the Eurekahedge ILS Advisers Index.
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Mitsui Sumitomo Insurance is offering to issue cat bond protection on behalf of Japanese corporates, the Nikkei Asian Review reported
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The retrocession market experienced rate reductions of 10 percent on catastrophe loss-free accounts in the mid-year renewals, Willis Re said in its 1st View renewals report released today (1 July).
