Trading Risk June 2017

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.

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

The CEO of Dutch pension fund PGGM, Else Bos, has resigned after holding the position for five years.

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.

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

Access to people with money to spend is closely guarded in the insurance and reinsurance markets. Premium dollars are shepherded carefully from insurance agents to carriers and then brokers before eventually reaching reinsurers and ILS managers.

Asset managers in South Korea are offering ILS strategies to local investors after the country entered the sector last year, with at least $49mn having been raised from two local distributors.

Four recent private and cat bond lite deals cleared during the mid-year renewals.

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

Standards set by the Hedge Fund Standards Board (HFSB) can provide a pattern for ILS managers to mitigate potential conflicts of interest, Hiscox Re ILS COO Richard Lowther told Trading Risk.

LGT ILS funds; Wilton Re buys Aegon US run-off businesses; Cat bond funds reopen

A significant drop in social and healthcare spending in the UK is now thought to be the cause of a slowdown in mortality improvement, which has led the longevity swap market to stall.