Willis Towers Watson

In the US, renewal results varied widely and wildfire losses were a subject of focus.

ILS broker-dealers expect 2019 cat bond issuance to range from $7bn to above $10bn.

The number of cat bond lites issued so far this year now totals $113mn.

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.