Trading Risk April 2017

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

High volumes of new deals kick-started further activity in the secondary cat bond market and gave yields a small boost in the first quarter, but 2017 ILS returns remain well below last year's levels

European ILS managers may have to contend with extra compliance costs following the UK's departure from the EU, according to lawyers

ILS capacity has acted as the equaliser of Florida hurricane rates. It chased after the extra margin that reinsurers built into their calculations in taking on their peak hurricane risk, with the logical result of helping to erode the margin

Dutch pension fund PFZW has made new allocations to XL-owned manager New Ocean and to Munich Re for 2017

Negotiations are already well underway in the run-up to the 1 June Florida reinsurance renewals, as ILS market underwriters push to secure participations with the state's stronger performers

Nationwide Mutual Insurance Company is seeking to raise $300mn from a new Caelus Re cat bond, according to sources. Normal 0 false false