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A downturn in industry loss warranty (ILW) pricing has limited cat bond lite issuance activity in 2016, with a couple of recent deals breaking the dearth of activity
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Allianz Risk Transfer lifted the target on its Blue Halo Re cat bond to $185mn from $150mn, as pricing on the high-risk transaction moved toward the upper end of forecasts, Trading Risk understands
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PCS has released its initial estimate of industry losses from the Alberta wildfires that engulfed Fort McMurray, putting the cost at C$4.6bn ($3.5bn), Trading Risk understands.
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Allianz Risk Transfer, the fronting carrier for Nephila Capital, is looking to raise $150mn of reinsurance cover from the cat bond market, Trading Risk understands.
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Catastrophe data specialist Perils said the volume of on-risk European (re)insurance limits that use its industry loss data as a trigger fell by more than 20 percent in the year to March.
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Demand for Florida retro has been quieter leading into the 1 June renewal season this year, as the growth in reinsurance demand slows.
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The Fort McMurray wildfire is set to become Canada's most expensive natural catastrophe event, but overall losses for the reinsurance industry are still expected to be modest.
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Demand for Florida retro has been quieter leading into the 1 June renewal season this year, as the growth in reinsurance demand slows.
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Reinsurer quota shares and the industry loss warranty (ILW) market are the most likely source of claims for ILS investors from the Fort McMurray wildfire
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TigerRisk's capital markets arm has received regulatory approval to open a secondary trading desk covering a range of ILS products, which will be headed by Patrick Gonnelli
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Property Claim Services (PCS) in collaboration with Wood Mackenzie has tailored a new type of industry loss index for the offshore energy sector, which takes into account oil rig values to reduce the basis risk of using ‘cat in a box' structures.
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The Lane rate-on-line index rose from 86.6 to 93.1 over the last quarter, indicating that rates have firmed since December, according to Lane Financial's latest quarterly report on the ILS market.
