Trading Risk June 2018

Tropical Storm Risk (TSR) said there was a high chance that 2018 hurricane activity would fall within the lowest one-third of years since 1950.

Willis Towers Watson has invested in a platform designed to support new managing general agencies (MGAs), sister publication The Insurance Insider reported.

Axa has said that XL’s reinsurance platform and access to alternative capital were among the attractions in tying up with the carrier.

The reinsurer has raised $530.5mn of Sector Re debt since December 2017, ahead of the $492.0mn raised last year and the $394.7mn of limit available in 2016.

June people moves in the ILS market

Hurricane season is now open, but I’d argue that the persistent headwinds facing the reinsurance industry are far more challenging than anything the Atlantic may send its way this summer.

Floridians HCI Group, United Insurance (UPC) and Heritage all spent more on reinsurance during the renewal, while Federated National shrank its reinsurance costs by 17 percent.

The average gain across a group of sidecars that remained on risk in the three months to 31 January came to 3.2 percent.

Is the industry ready to accept new attempts to create live trading platforms?

Recent developments in the sector have underscored the difficulties reinsurers are grappling with as they attempt to work ILS capital into their business model.

ILS investors lost 7 percent on average between 30 June last year and the end of April 2018, the Eurekahedge ILS Advisers index shows.

Leadenhall Capital Partners has won a mandate to invest £80mn ($106.8mn) for the North Yorkshire Pension Fund.