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The second-largest ILS manager posted a $200mn incremental gain in assets under management in January as it said it chose not to draw down on some post-loss capacity.
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Pricing for industry loss warranties is up by 15-30 percent on loss-affected covers, according to figures from brokers, as the market picks up after a slow start to the year.
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Insurance boutique merchant bank Kingsway Financial Services hopes to raise gross proceeds of $52mn from its new ILS fund, Insurance Income Strategies, according to an updated prospectus filing.
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Investor allocations to the ILS sector could increase in 2018 after capacity was quickly replenished following last year's losses, JLT Re said today in its Reinsurance Market Perspective report.
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Sompo International has set up a $62mn sidecar, Blue Lotus Re, to provide cover supporting its global catastrophe reinsurance portfolio in 2018
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The Catco Reinsurance Opportunities Fund made a worse-than-forecast 27.6 percent loss for investors in 2017 after its fund manager significantly added to its wildfire reserves in December.
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The momentum for retro rate increases at the January renewals slowed at the end of last year, sources said, as lack of new demand and a smooth reload of lost capital meant increases fell short of expectations
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The market's leading ILS managers grew their assets under management (AuM) by almost 10 percent in the second half of 2017, highlighting the ease of the post-loss reload
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The value of City National Rochdale's wind ILW investments decreased by 31.4 percent between the end of July and the end of October 2017, its latest quarterly filing showed.
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A number of outsized third quarter losses at Lloyd's insurers has highlighted the London market's concentrated exposure to the 2017 hurricanes
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Z/Yen has launched a cyber catastrophe ILS research project as part of its two-year programme looking at how mutual distributed ledgers, such as blockchain technology, can be used across a number of fields
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This year marked the 25th anniversary of Hurricane Andrew, a storm that would cost reinsurers $56bn if it recurred today, according to modelling company AIR Worldwide
