Trading Risk November 2017

The California wildfires have prompted write-downs to aggregate cat bonds covering USAA and Nationwide, although the former has revised down year-to-date catastrophe loss estimates that had suggested a payout under one of its Residential Re deals, Trading Risk understands

Brokers are pressuring ILS managers to stump up capital well ahead of the 1 January reinsurance renewal date following the string of third quarter catastrophe events, according to sources

At this point there are a lot of questions being asked in the reinsurance markets and few definitive answers available. As it is a journalist's privilege to ask questions, let's go through some on the list

The 2017 catastrophe events have highlighted the extent to which ILS managers are benefiting from industry loss warranty (ILW) hedging, but market sources have questioned where the losses will ultimately fall as more clarity is gained over HIM claims in months to come

The head of ILS analytics at Twelve Capital Mattias Saenger is leaving the company, according to sources.

Collateralised reinsurance fund strategies took losses of 10-20 percent in September, Trading Risk understands

Al Selius has joined $21bn asset manager BlueMountain Capital as an ILS portfolio manager, sources told Trading Risk.

Apex Group has hired Matthew Charleson from Kane LPI Solutions to lead the expansion of its service offerings to the ILS fund market.