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The retrocession market softened by 5-10 percent in the January renewals, slowing down from reductions of up to 15 percent last year, according to Guy Carpenter.
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Pioneer's ILS Interval fund returned 5.9 percent for the first 10 months to the end of its financial year on 31 October, according to its first annual report
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Markel Re will let its $200mn retro sidecar New Point Re lapse in 2016, sister publication The Insurance Insider reported.
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Aspen has grown its Silverton Re sidecar to $125mn for 2016, increasing the amount of retro support from the vehicle by more than 40 percent from $85mn in 2015.
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Michael Millette's Hudson Structured Capital Management is close to launching its first reinsurance fund in the New Year and recruiting underwriting staff, Trading Risk understands.
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The timetable for the launch of the joint venture reinsurer planned by Axis and Blackstone has been delayed into 2016, it is understood.
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A number of reinsurer sidecars are expected to expand in 2016 as investor demand continues to be strong despite a softening in prospective returns, sources told Trading Risk.
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Markel has completed the acquisition of Bermudian retro specialist Catco, it announced yesterday (8 December).
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Enstar Group has announced that it will commit $100mn to its newly formed hedge fund reinsurance initiative, Aligned Re.
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Swiss Re has returned to the cat bond market after a two-year hiatus to launch an extreme mortality bond, Trading Risk understands.
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Validus subsidiary AlphaCat has lined up former Montpelier Re executive Paul Hopwood to join the firm in an underwriting role, Trading Risk understands.
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Aon is set to launch a new placement facility in January 2016 that will be able to put down a 20 percent following line on all its London wholesale business, sister publication The Insurance Insider has revealed.
