Trading Risk June 2017

The final version of the Insurance Open Protocol has cut back the frequency of reporting it requires from ILS managers in response to feedback received during the consultation period.

The main factors in this year's "double-dip" Florida reinsurance renewal were abundant supply, reduced demand from several key buyers and uncertainty over model changes.

AlphaCat has hired Bernard Van der Stichele, a former ILS analyst for the Ontario Teachers' Pension Plan.

A recent flurry of single-state cat bond deals highlighted continuing strong ILS demand as year-to-date issuance surpassed $8bn.

Switzerland-based asset manager Plenum has discontinued its partnership with Sequant after marketing a new non-catastrophe ILS fund with the Bermuda asset manager last year, Trading Risk can report.

Greenlight Capital Re has announced that former SAC Re chief executive Simon Burton will replace Leonard Goldberg, who has been acting as CEO on an interim basis.

Scor has appointed Wolfgang Murmann to the new role of head of longevity for Europe (excluding the UK), the Middle East and Africa.

Legal & General has hired Pretty Sagoo from Deutsche Bank as head of strategic business in its pension risk transfer team.

Global Parametrics, which offers risk transfer solutions for low- and middle-income countries, has appointed Nina Shapiro as chairperson.

JLT Re has appointed John Paulsen as senior vice president in Chicago with a remit to expand the company's business in the Midwest.

Drinker Biddle & Reath has hired John Finston to join the insurance regulatory and transactional team in the firm's San Francisco office.

Argenta non-executive director and former Lloyd's deputy chairman Graham White is to lead a new Lloyd's Market Association (LMA) group to represent the interests of members' agents at Lloyd's.