Willis Towers Watson

The most recent cat bond lite issued by Kaith Re brings the total of Seaside Re deals to $112mn, up from $97mn for last year.

Javier Rivas left the company last month for a new role at the Spanish life insurer.

This is the Italian insurer’s second cat bond.

Two-thirds of investors surveyed said they planned to either maintain or increase their allocation.

Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.

ILS managers were offering larger line sizes and seeking to compete more often on reinstateable layers in the Florida June renewal, Willis Re observed in its mid-year 1st View report.

The two series of notes run until 1 June 2019.

Willis Towers Watson has invested in a platform designed to support new managing general agencies (MGAs), sister publication The Insurance Insider reported.

The ILS unit now reports to Willis Re deputy chairman Mark Hvidsten.

The Resilience Re platform run by Willis Towers Watson Securities has issued $150mn of series 1841A notes on the Bermuda Stock Exchange (BSX), bringing the platform’s total issuance for 2018 up to $262.6mn.

Alternative reinsurance capital increased by 17 percent to $88bn by year-end 2017, despite last year’s catastrophe losses, Willis Re has said in its latest Reinsurance Market Report.

Reinsurers were pushed back in their attempts to increase US property rates at the April renewal, with loss-free cedants even demanding slight decreases, Willis Re said in its 1st View report.