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PCS is investigating the possibility of structuring a parametric trigger for terrorism industry loss warranties (ILWs), the agency revealed in its 2015 ILS market report released today (6 January).
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Loss reporting agency Perils has extended its coverage to include Turkey, the company announced today (25 November).
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Retro and ILW executive Nick Duffin has transferred from the London office of JLT Re to join JLT Bermuda Ltd. as a partner, the reinsurance broker announced today (24 November).
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The growth of the "cat bond lite" market provides a blueprint for potential uptake of exchange-traded risk, ISO/Verisk executive Tom Johansmeyer argued at last week's ILS Bermuda Convergence 2015 conference.
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The founder of the Chicago Climate Exchange, Richard Sandor, has said he believes the time is right for the reinsurance market to make another attempt at trading risk as a commodity.
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Rates for US all natural perils (ANP) industry loss warranties (ILWs) have fallen by an average 12 percent from their mid-year peak, according to data from broker BMS.
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Florida managing general agency New Paradigm Group has expanded its parametric product offering to target (re)insurers as well as ultimate buyers.
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The Swiss Re Cat Bond Price Return Index has almost reached the values recorded at the start of 2015 after posting a 1.7 percent upswing since mid-July.
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Liquidity in the burgeoning market for private cat bonds and cat bond lite instruments remains limited, but commentators are hopeful that the situation should improve.
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Lane Financial's ILS rate-on-line index dropped 9.9 percent over the third quarter, eroding a brief gain recorded in the second quarter, as average expected returns reached a new low.
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TigerRisk CEO Rod Fox said an "anomaly" in retro markets, in terms of high prices and a limited number of sellers, presented opportunities to retro writers.
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Xchanging has enhanced its reinsurance placement platform, newly branded as X-gRm, to offer a live marketplace for indexed products including ILWs.
