ILWs

Two higher-risk deals from Scor and Catlin have taken total 2015 catastrophe bond volume to $824mn, in a more controlled start to the year than in 2014.

The Micrix industry loss warranty (ILW) index gained 12.3 percent over the course of 2014, falling behind the 2013 gain of 15.8 percent.

Retro writer CatCo recorded 14 percent growth in net asset value (NAV) last year for its London-listed fund.

Within the retro market, industry loss warranty (ILW) rates have been pared back to the point that many non-US contracts are now being quoted below expected loss cost using RMS-modelled figures, various market participants said.

Bermudian retro writer CatCo has made a 14 percent return over 2014 despite having reserved for a small loss due to US storm events in the second half of the year

Lane Financial's ILS rate-on-line index slipped by 1 percent during the fourth quarter, finishing 2014 at 86 - a drop of 7 percent from the 92.9 recorded a year earlier.

Barbican group CEO David Reeves said the Lloyd's insurer and the Credit Suisse ILS team may apply for full syndicate status for their newly approved special purpose syndicate (SPS) 6120

In a memorable year for the cat bond market, 2014 brought forth both the largest ever transaction and the lowest coupon deal amid a number of other milestones.

Canopius expects to recoup $10mn from a marine industry loss warranty (ILW) that will pay out after the total loss reserve for the Costa Concordia sinking nudged past the $2bn threshold, it is understood.

Canopius expects to recoup $10mn from a marine industry loss warranty (ILW) that will pay out after the total loss reserve for the Costa Concordia sinking nudged past the $2bn threshold, it's understood.

Independent (re)insurance broker Alwen Hough Johnson (AHJ) has received authorisation from the UK's Financial Conduct Authority for its new capital markets unit AHJ Capital Markets, according to an announcement today (20 November).

No hurricane options in 2014; Life expectancy changes to drive pension de-risking