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The industry loss warranty (ILW) market will be the focus for the new collateralised retro vehicle launched by IFEX ambassador and former Manulife chief Andreas Kusay.
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The ILW market began to settle early in the third quarter as it became clear that the hurricane season did not pose the threat it first appeared to, according to GC Securities' Q3 ILS market update.
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The industry loss on the New Zealand earthquake has topped $3bn, triggering reinsurance derivatives bought after the Chilean quake, Trading Risk understands.
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Cat bond sales will be significant for both peak and diversifying perils in the rest of 2010 and throughout 2011 as capacity in the market continues to rise, GC Securities says in a market update.
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Bermudian specialty insurer Lancashire Holdings has sold a number of industry loss warranty (ILW) products, generating $5.4mn premium, in the aftermath of the Deepwater Horizon oil spill earlier this year.
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Buyers of industry loss warranty (ILW) instruments are seeking more risky exposure to European wind to provide balance to the low-risk new ILS issuance that has hit the market in recent months.
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Insurance-linked fund managers are waiting on tenderhooks to discover the initial capital amounts that will be deployed in the convergence market by a number of institutional investors over the coming months.
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Leading Swiss cat bond investment manager Clariden Leu has re-opened its flagship cat bond fund to new investments following strong ILS issuance in the second half of the year.
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Bermudian specialty insurer Lancashire Holdings has sold a number of industry loss warranty (ILW) products, generating $5.4mn premium, in the aftermath of the Deepwater Horizon oil spill earlier this year.
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Broker Willis Re is losing Colin Kiddie, who headed the firm's ILW operations, to rival Guy Carpenter only a week after promoting the executive to head its specialty business, Trading Risk's sister publication The Insurance Insider has reported.
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Captives manager Kane Group is looking to expand into ILS and industry loss warranties (ILWs) in Qatar after receiving a warrant to set up in the Qatar Financial Centre (QFC), according to reports from Captive Review.
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In our regular ILW quarterly update, Willis Re executive director Henry Kingham discusses the speculative nature of ILW trading...