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Demand for crop reinsurance is falling rapidly, partly due to M&A in the underlying insurance business, sister publication The Insurance Insider reported
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One often-cited statistic in debates about the convergence market is that just a 1 percent allocation from global institutional investors could send billions more capital than the size of the current overall reinsurance market surging into the sector
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Generali's Horse Capital I was named winner of the Non-Life Transaction Award of the Year at the 2017 Trading Risk awards
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Two major US sidecar investors, Pioneer and Stone Ridge, grew their assets by more than $500mn overall in the quarter ended 31 January 2017
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Swiss Re said that Cyclone Debbie had caused more Australian commercial and corporate (re)insurance claims than previous local storms, and put industry losses from the event at $1.3bn
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Dutch pension fund PFZW has made new allocations to XL-owned manager New Ocean and to Munich Re for 2017
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Swiss Re said it expected to take $350mn of losses from Australian cyclone Debbie, which it pegged as a $1.3bn industry loss.
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Natural catastrophe risks such as California earthquake and US flood perils are the most likely avenues for future ILS market growth, Elementum Advisors co-founder John DeCaro said at the Convergence London 2017 event
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The Pioneer ILS Interval Fund increased its net assets by 51 percent to $244.8mn during the quarter ended 31 January, according to a US Securities and Exchange Commission filing.
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Stone Ridge posted almost 9 percent growth in its ILS assets under management in the three months to 31 January, recording total assets of $5.49bn in its two reinsurance funds at that point.
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XL-owned ILS manager New Ocean has set up a new third-party capital vehicle that follows an algorithmic trading strategy, Trading Risk revealed earlier this month.
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Brit's addition of North American property insurance binder business to its Versutus sidecar was a further example of carriers offering capital market investors access to primary insurance portfolios, following the Limestone vehicle launched by Liberty Mutual this year.
