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Nephila's Syndicate 2357 declared a profit of $16.7mn for 2015, according to its annual results posted at Lloyd's
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Willis Towers Watson has developed a mortality model to help insurance companies and pension funds predict mortality patterns and therefore price insurance cover, calculate liabilities and manage risk more accurately.
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Credit Suisse is making progress with its plans to issue an operational risk insurance securitisation after a major single investor said it would take at least CHF100mn ($105mn) of the transaction, Trading Risk understands.
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Bermudian Class 3 insurer Iris Reinsurance has listed non-voting preferred shares on the Bermuda Stock Exchange (BSX), it announced today (5 April).
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Aon Benfield has estimated that alternative reinsurance capital increased by almost 13 percent to $72bn last year, while traditional capital fell 2 percent to $565bn.
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The London market initiative to bring more ILS business to the UK will focus on creating a vehicle structured similarly to Richard Brindle's Fidelis venture.
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Florida Insurance Commissioner Kevin McCarty urged consumers to purchase flood insurance after notifying consumers about the National Flood Insurance Program (NFIP) rate increases that have come into effect today (1 April).
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Tokio Millenium Re (TMR) has appointed Andreas Kull as chief risk officer and a member of the executive committee effective today (1 April).
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Global non-marine retro prices experienced year-on-year catastrophe reductions of around 10 percent at 1 April, in line with the January renewals, according to Willis Re
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Global insured catastrophe losses totalled around $37bn in 2015, well below the inflation-adjusted 10-year average of $62bn, according to Swiss Re's Sigma unit.
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AJ Gallagher (AJG) subsidiary Artex Risk Solutions has entered a definitive agreement to acquire Guernsey-domiciled Hexagon Insurance PCC and its subsidiaries, building on the acquisition of Kane earlier this month.
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Insured losses from the latest hailstorms that battered Texas on 24 March will cost insurers $500mn, the Insurance Council of Texas told Trading Risk.
