Trading Risk July 2017

The National Hurricane Center (NHC) warned that Tropical Storm Emily was expected to produce rainfall of 2 to 4 inches along the west coast of central Florida as it passes over the state this afternoon

Scor and PartnerRe have each let a reinsurance sidecar lapse in 2017 after deciding that they no longer needed retrocession cover in this format, Trading Risk understands

The ILS market has well and truly put its foot on the accelerator this year - with cat bond volumes setting new records and ILS managers competing hard in Florida

Regulators have made some easy-win concessions in the final version of London's ILS framework to ensure that the system is workable for ILS managers

Nephila Capital has agreed a deal with a major US insurer to assume coastal exposure, broadening its access to primary risk, sister publication The Insurance Insider reported

Brian Ingle will lead the analytics team for Willis Re North America following Alice Underwood's appointment as head of risk consulting and software.

William Mulcahy, an actuary who has previously worked at ILS Capital Management, Securis and Ariel Re, is expected to join Qatar Re later this year, sources said.

Neon confirmed that it had hired Mark Gibson as reinsurance and alternative capital director as it prepares to develop a third party capital strategy, in a move first reported by Trading Risk.

Markel Catco Investment Management CEO Tony Belisle has extended his contract with the company until 31 December 2020.

Bermudian (re)insurers shifting their focus to the insurance markets will benefit from less volatility but will also make less margin, according to recent analysis from Fitch Ratings.

The top 10 ILS managers lifted their assets under management (AuM) by 8 percent in the first half of 2017, taking the group's collective capital base to $56.5bn, according to Trading Risk records

The cat bond market was firmly in the hands of sponsors in the second quarter, with volumes setting a record in a frenetic period that pushed ILS pricing to new lows