Trading Risk May 2019

With Nephila’s market share slightly shrinking, RenaissanceRe and Gen Re moved up the Florida leaderboard.

The main point of concern has been over lawyers' ability to find new ways around the clampdown on the AOB regime that has led more claims to court.

The fair value of AP3's ILS portfolio rose by 10.7 percent to $560mn at year end in 2018.

Carriers that wrote more premium include Swiss Re, Munich Re, RenaissanceRe and Everest Re, while Hiscox Re and Axis posted reductions in top line income.

In April, TSR reiterated its early prediction that North Atlantic hurricane activity will be slightly below the long-term norm.

The start-up went live in May with the name McGill & Partners.

Convex will also seek to tackle the cost of expenses plaguing most carriers across the industry by outsourcing non-underwriting functions “horizontally” with a single partner.

AlphaCat’s $4.16bn net AuM was detailed in a recent Securities and Exchange Commission filing.

The memo acknowledged that the approach would be preferable, but also unrealistic for some funds.

Issuances from United Insurance Holdings, American Integrity Insurance Company and Safepoint have all reflected an uptick in pricing compared with prior-year benchmarks.

Opening up opportunities for different forms of capital is a key part of the Lloyd’s vision for a future of increased efficiency and lower costs.

Markel has not actually come out and said what it plans to do with former top 10 ILS manager Markel Catco, but the likely money has to be on a gradual closure now that an overwhelming 91 percent of assets under management are due to be returned to investors, as claims development permits.