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The reinsurer transferred EUR16.4mn of storm losses to retro partners in the first quarter.
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These days almost all reinsurers are officially aboard the ILS bandwagon. But is all ILS capacity created equal?
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Lancashire's $500mn sidecar took a loss in Q1 but grew its premium base by a third.
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Top line revenue for the RenaissanceRe sidecar rose 20 percent year-on-year.
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Securis is considering establishing a full Lloyd’s syndicate for 2019 as it looks to trade forward in the 330-year-old market following the pending discontinuation of its joint venture with Axis, Trading Risk can reveal.
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Former Brit executive Julia Henderson is expected to take on the role of chief underwriting officer at Bermudian start-up Lutece Re, sources told Trading Risk.
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Everest Re said that its Mt Logan Re sidecar reached $1.02bn of assets under management at 1 April 2018, slightly down from $1.03bn at the start of 2018 as the reinsurer added to its 2017 catastrophe loss reserves.
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Two Swiss pension funds took losses of 8-9 percent from their ILS holdings following last year’s catastrophe events, but the losses have not put off new local funds entering the asset class. -
The Prudential Regulation Authority has been praised for its efficiency in approving the first transaction to be launched under the UK’s new ILS regime.
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Securis will need to find a new partner for its Lloyd's special purpose arrangement (SPA) in 2019 after Axis gave the fund manager notice to discontinue their arrangement, sources told sister publication The Insurance Insider.
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Brit Insurance's Bermuda head of property treaty Julia Henderson has left the company, according to sources.
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Reinsurers were pushed back in their attempts to increase US property rates at the April renewal, with loss-free cedants even demanding slight decreases, Willis Re said in its 1st View report.
