Trading Risk June 2017

Larger residual insurers were among cedants that prospered in the June renewals from competition for US property catastrophe reinsurance business.

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

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.

Newly issued cat bonds, including the latest Alamo Re and Citrus Re 2017-1, have already traded above par on the secondary market, in a sign of strong ILS demand.

Forecasters are predicting an average to above-average 2017 Atlantic hurricane season, as debate continues over whether a longer-term shift to a phase of reduced activity is underway.