Trading Risk October 2017

Marco Silva has become senior underwriter and head of UK and London market property at Scor after leaving the carrier's retro team in May

Hurricanes Harvey, Irma and Maria (HIM) have put 2017 on course to become one of the insurance industry's most expensive years ever, with a high share of claims going to the reinsurance market

Soft market conditions may have set the scene for longer potential collateral lock-ups after hurricanes Harvey, Irma and Maria, but early negotiations on settlements are still likely, market observers said

Puerto Rico insured losses are likely to fall to a somewhat concentrated group of reinsurers including Lloyd's syndicates and Munich Re, according to regulatory filings analysed by sister publication The Insurance Insider

The 2017 catastrophe losses may have come at a time when reinsurers' margins are suffering after years of rate cuts, but the industry's capital position is stronger than at any time since the 1970s, says JLT Re's global head of analytics David Flandro.

Asian countries have expressed interest in establishing a multinational risk pool to protect against natural disasters, according to RMS research commissioned by the UK government.

Global Parametrics is poised to conclude its first transaction - a $10mn risk transfer deal benefiting Vision Fund International, an NGO microfinance provider in the developing world

Reinsurance rates may shift at 1 January if a reasonable percentage of the ILS industry's $80bn capital is trapped, according to Rob Procter, CEO of Securis Investment Partners

The Blockchain Insurance Industry Initiative (B3i) has begun market testing its smart contract management prototype for property cat excess-of-loss (XoL) contracts this month, as 23 new members join the collaboration

The price of longevity swaps has dropped this year, partly due to reinsurers adjusting their rates to reflect the slowdown in life expectancy improvement, sources told Trading Risk

CRC facility launch; QBE exhausts agg; HSCM partnerships...

Departing Willis Re global CEO John Cavanagh has linked up with ex-Ariel CEO Tom Milligan at start-up Beat Capital, which will provide funding for MGA launches, sister publication The Insurance Insider reported