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Mitsui Sumitomo has increased the target size for its Akibare Re deal after pricing on the cat bond settled at the lower end of guidance, Trading Risk understands.
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Insurers should consider much greater use of securitisation to move to a more efficient "version 2.0" operating model, according to former American International Group executive Samir Shah.
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Floridian insurer Safepoint is set to close its second Manatee Re cat bond at $95mn after it expanded the lower-risk tranche of the deal, Trading Risk understands.
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State-backed insurer Florida Citizens Property Insurance has warned that water losses in the southern part of the state are reaching crisis levels and will require homeowners rates to rise by 10 percent annually for years to come.
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The average ILS fund gained 0.23 percent in January, as measured by the Eurekahedge ILS Advisers Index.
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Tokio Marine will redeem the Kizuna Re 2015-1 cat bond one year on from issuing the yen-denominated cat bond, Standard & Poor's noted today.
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Floridian insurer Safepoint has dropped one proposed layer of its Manatee Re cat bond as it expanded the target size on a lower-risk tranche of the transaction, Trading Risk understands.
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The UK Treasury has provided details on the proposed regulatory framework that it hopes will attract ILS business to London, envisaging a six-to-eight-week timeframe for the Prudential Regulation Authority (PRA) to approve new structures.
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Danish pension fund manager Pensionskassernes Administration (PKA) has reported a 15.7 percent return from its ILS investments in 2015.
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Hiscox's asset management platform Kiskadee Investment Managers is on track to reach $1bn of assets under management in 2016, the (re)insurer announced as it released its 2015 results today (29 February).
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Blackstone is set to become the cornerstone investor in the reinsurance and transport finance funds being established by Michael Millette's start-up Hudson Structured Capital Management, sources told Trading Risk
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Floridian insurer Safepoint has updated pricing guidance on the class A notes of its Manatee Re cat bond, Trading Risk understands.
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