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Urs Ramseier chairman and co-founder of ILS fund manager Twelve Capital has predicted that catastrophe bond index trackers or exchange-traded funds (ETF) will soon be released to the market as part of a natural evolution of the asset class.
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The choice on whether to deploy third-party capital or capital from a reinsurer's own balance sheet relies principally on the concentration of risk, said Aditya Dutt, head of RenaissanceRe Ventures, at last week's inaugural Trading Risk London executive briefing.
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Capital markets specialist Scott Maries has left his position as a managing director at JP Morgan to join Enstar, sister publication The Insurance Insider has reported.
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The ILS market should target growth by pitching itself as a source of "surrogate capital" for the insurance industry, Secquaero Advisers chairman and managing partner Dirk Lohmann said yesterday (18 June) at the inaugural Trading Risk London Executive Briefing.
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The greatest current momentum in the convergence market lies in creating rated reinsurers backed by hedge fund managers but this business model will be tested, speakers at Trading Risk's inaugural London Executive Briefing said today (18 June)
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Erik Manning has resigned from Guy Carpenter, where he had spent four years placing retro business in Bermuda, and is expected to join Markel shortly in a new capital markets role.
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Florida risk is no longer the best-priced catastrophe reinsurance risk available after rates fell by 15-25 percent at the 1 June renewals, Validus CUO Jeff Clements said on a UBS conference call today (2 June).
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Shiv Kumar has retired from Goldman Sachs after 16 years with the investment bank's insurance structured finance team, Trading Risk has learned.
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Over the past year the number of reinsurer sidecars and collateralised vehicles has proliferated, allowing reinsurers to leverage their underwriting expertise and distribution networks and giving investors exposure to unique asset classes
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Investors are expanding the array of risks they are interested in as they seek to diversify their reinsurance portfolios, according to Mike Millette, global head of structured finance at Goldman Sachs
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Lorenz investors earn 25% in first year; Lancashire property premiums drop 11%; Axis offers agriculture business to third-party capital
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The two largest reinsurer-backed fund managers reported significant reductions to their gross premium base in the first quarter, reflecting the impact of falling catastrophe rates
