Trading Risk May 2018
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Rate increases have mostly been limited to low attaching Floridian wind cover. -
Zurich-based ILS manager Plenum has grown its assets under management (AuM) by almost 40 percent since the start of the year, to reach $355mn at the end of April.
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Floridian insurer Heritage now expects to claim $151mn from its Citrus Re cat bonds as its Irma losses escalate, sources told Trading Risk.
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People moves in the ILS market.
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Florida-based insurer UPC has inked several large deals with major ILS managers Nephila, Elementum and Aeolus at the 2018 reinsurance renewal.
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Cat bond volumes are expected to expand by 20 percent in 2018 in the aftermath of last year’s losses, Fermat Capital wrote in an ILS market update distributed by GAM.
Most Recent
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Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Allstate pegs October cat losses at $226mn post-tax
21 November 2024 -
Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM
20 November 2024 -
Rokstone partners with NormanMax to launch parametric product
20 November 2024 -
RenRe grows partner capital AuM to $7.72bn
19 November 2024