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Mercury Capital has launched one of the first tracker funds in the ILS sector, allowing external investors to follow its new MiCRIX index of industry loss warranty (ILW) prices.
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ILS spreads continued to tighten relentlessly as more than $1.5bn of new issuance closed during a busy month.
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Non-traditional reinsurers are looking to grow their role in Florida this year as local insurers are opening up to the idea of issuing cat bonds, while collateralised reinsurance writers look to grow their business in the state.
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Mercury Capital has opened up a tracker fund to external investors to follow its new MiCRIX index of industry loss warranty (ILW) prices
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European industry loss aggregator Perils has expanded its database to cover Italian earthquake and flood risk, the company announced today.
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Gary Kerney is to retire as assistant vice president of Property Claims Services (PCS) in October after more than 30 years at the loss compilation agency.
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This was our inaugural Sifma roundtable, hosted during what turned out to be a bumper conference for the industry with a record level of participants taking over the hotel corridors to debate the growing prominence and power of alternative market capacity.
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Property sums insured for European windstorm risk have increased by 1.9 percent year-on-year across the 11 markets covered by data company Perils
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Tokio Millennium Re recouped $20.5mn from industry loss warranties (ILWs) traded as livecat contracts during Superstorm Sandy, the company disclosed in its 2012 annual report
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The cat bond market has softened more quickly in 2013 than during the last soft market just before the 2011 Tohoku quake, according to a new report from Lane Financial
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The collateralised reinsurance market has grown by 44 percent over the past nine months from $9bn to $13bn at March 2013, according to estimates from Guy Carpenter
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The ILS market is maintaining discipline even as strong demand pushes down pricing, participants at the inaugural Sifma Trading Risk roundtable argued.
