Trading Risk March 2018

If ILS capital is designed to be the ultimate home for catastrophe risk, how far should asset managers look to hedge their investors' bets?

The Florida Hurricane Catastrophe Fund has more than halved its estimate of losses from Hurricane Irma to $2.04bn from $5bn.

The Texas Windstorm Insurance Association will reset its Alamo Re 2017 cat bond to trigger at a lower level after its Hurricane Harvey losses wiped out the association's funds.

M&A to rejig primary/wholesale balance; ILS blueprints for global transfer multiply

Two government-backed insurance schemes on either side of the Atlantic are considering new ILS purchases as they seek to diversify their reinsurance panels.

A lack of fronting capacity and licensed insurance paper is one of the major challenges facing the InsurTech industry, a panel of speakers agreed at the Sifma IRLS conference in Miami this month.

Leading InsurTechs Metromile and Lemonade have reported rising losses, with rapidly increasing net premiums earned not enough to prevent underwriting losses from surging, research from two industry veterans has shown.

Commercial flood is set to be one of the first lines of business InsurTech start-up Extraordinary Re targets when it launches this summer.

The Teacher Retirement System of Texas held $300mn in ILS as of 31 August 2017, which represented 0.21 percent of its total portfolio, the pension fund confirmed.

Twelve Capital is exposed to the liquidation of Danish motor insurer Alpha Insurance via a EUR20mn ($24.8mn) private debt transaction issued in 2014.

A 20 percent increase in industry loss estimates for last year's hurricanes and wildfires could see 2017 returns for Markel Catco's London-listed Reinsurance Opportunities Fund drop by a further 8 percent, the retro manager has disclosed.

The Resilience Re platform run by Willis Towers Watson Securities issued two deals amounting to $112.6mn in March.