ILWs

A PCS update on Irma had led to a full loss on two contracts, the fund said in an SEC filing.

Rates fell back to their Q1 levels after experiencing an uplift in the second quarter of the year.

The August return was significantly below the 14-year historical average of 0.63 percent, according to the Eurekahedge ILS Advisers Index.

Reconstruction in the ILS market continues, with ongoing concerns about investor sentiment, capacity growth and the impact of retro rates

The cover provided by Insurance Linked Notes is tradeable by both the buyer and seller.

Both LGT and Schroders have signed up to the ILS notes trading platform.

The lift in ILW pricing seen at mid-year has been unilateral across most products and was a further increase on the 2018 pricing correction following 2017 events, according to Aon.

Typhoon Faxai losses are unlikely to have a significant impact on the ILS markets, based on current industry estimates.

The risk modelling firm has released the highest estimate for industry losses so far and the top end of its prediction could hit some ILWs.

The firm’s estimate points to a higher top-of-the-range loss than early market forecasts of between $1.5bn and $5bn.

Former Tokio Millennium Re CEO Tatsuhiko ‘Tats’ Hoshina is now the chief commercial officer at the start-up.

The loss tracking agency's data has been used on $17bn of reinsurance limit in its 10 year history.