-
Validus said that it bought more top-layer aggregate retrocession in the first quarter as the carrier reduced its 1-in-100-year probable maximum loss (PML) from US windstorm by 6 percent from year-end 2015.
-
Munich Re has launched a $100mn Queen Street XII Re cat bond, marking the first time it has included European windstorm risk in an ILS transaction since 2012, Trading Risk understands.
-
Catastrophe reinsurance premiums at Endurance increased by 61.4 percent in Q1 to $200.8mn following the Montpelier Re acquisition last year.
-
TigerRisk's capital markets arm has received regulatory approval to open a secondary trading desk covering a range of ILS products, which will be headed by Patrick Gonnelli
-
Validus subsidiary AlphaCat returned $146.5mn of capital to investors in its sidecar during the first quarter as it focused on writing third-party business primarily through its two reinsurance funds
-
Property Claim Services (PCS) has announced a new leadership structure, promoting two staff to oversee the business.
-
The average ILS fund gained 0.42 percent in March, according to the Eurekahedge ILS Advisers Index.
-
USAA's latest Residential Re cat bond has upsized by two thirds and is set to close at $250mn, with anticipated pricing on the deal at the lowest end of the revised target range, Trading Risk understands.
-
London should leverage its specialist insurance expertise to focus on offering emerging risks such as cyber through its planned ILS framework, BNY Mellon said in a report released today (27 April)
-
Everest Re sidecar Mt Logan's assets under management (AuM) have gone past $900mn in an increase of 33 percent from the first quarter of last year, the carrier's CEO of reinsurance operations John Doucette said on an earnings call
-
DaVinci Re reported a 9 percent year-on-year uplift in net profit for the first quarter, as it benefited from lower claims and improved investment results
-
USAA is now seeking to raise up to $250mn-$300mn for its new Residential Re aggregate cat bond, at least $100mn above its initial target, as pricing on the deal has narrowed.
