This year marked the 25th anniversary of Hurricane Andrew, a storm that would cost reinsurers $56bn if it recurred today, according to modelling company AIR Worldwide
Allianz Global & Corporate Specialty alternative risk veteran Bill Guffey has stepped down, with Paul Schiavone named as his successor as global head of alternative risk transfer.
European traders of catastrophe bonds will be required to report transactions under the updated Markets in Financial Instruments Directive (Mifid II), which comes into effect on 3 January
A number of ILS managers stand to benefit from so-called "window" industry loss warranty (ILW) covers, which means that their recoveries may rely on limited loss deterioration.
