ILWs

City National Rochdale’s Select Strategies fund had posted a -3.90 percent loss at 31 January, driven by HIM.

Capital inflows continue to exceed loss outflows, the firm said.

Tullett Prebon has signed up 60 clients so far to its London-based Insurance Linked Notes (ILN) platform, which enables lower-cost and anonymous live trading of industry loss-based securities.

The city of Osaka sustained most of the losses.

The National Hurricane Center predicted catastrophic freshwater flooding as the eye of the hurricane touched down at Wrightsville Beach.

The broker says its platform will offer a lower-cost, anonymous alternative to other sources of hedging.

Former TigerRisk broker Andrew DiLoreto is joining Willis Re's Bermuda retro team while Willis' James Troughton is moving to the island as an executive vice president.

Heise will identify insurance marketplace pain points to assist Akinova in realising its goal of launching an electronic trading platform for (re)insurance risk, the company said.

The July return of the Eurekahedge ILS Advisers Index is similar to the 13-year historical average return for the month of 0.59 percent.

Many ILS entrepreneurs have already successfully cashed out.

C shareholders in the Catco Reinsurance Opportunities Fund, who are not exposed to the 2017 losses, saw a return of 6.31 percent for H1 2018 amid low catastrophic activity during the period.

The London-based company has appointed CEO of bond trading platform OpenDoor Trading Susan Estes as an advisor.