Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 April 2014

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Everest Re highlights ‘offensive and defensive’ use of alternative capital

Everest Re said it is increasingly using alternative reinsurance capacity "both offensively and defensively" as part of its strategy to optimise returns, as it reported first quarter earnings that were ahead of Wall Street forecastsRead more

TWIA committee recommends cat bond for 2014

A Texas Windstorm Insurance Association (TWIA) committee has recommended during a 21 April meeting that the state insurer of last resort should include a cat bond in its reinsurance programme for 2014, as the organisation seeks to replace its per-event cover with aggregate protectionRead more

American Coastal returns to ILS market with new Armor Re

American Coastal Insurance Company has returned to the ILS market with a renewal of its Armor Re offering, and is expecting to shave anywhere from 6-18 percent off the premiums it pays cat bond investors, Trading Risk understandsRead more

Spreads on Kilimanjaro cat bond close at tight end of guidance

Spreads on Everest Re's first cat bond Kilimanjaro Re narrowed 14 percent during the marketing process as the deal priced at the lowest end of revised guidance, according to sourcesRead more

Heritage squeezes in second $50mn Citrus Re cat bond

Floridian insurer Heritage P&C is set to close the second issuance under its Citrus Re cat bond programme at $50mn in quick succession to its debut deal, Trading Risk understandsRead more

Pine River ties up with new reinsurer partner

Pine River Capital Management has parted ways with former Endurance executives Bill Jewett and Ken LeStrange and now plans to establish a sidecar-style reinsurer in the mould of Watford Re, sister publication The Insurance Insider has revealedRead more

Floridian Heritage seeks $100mn from IPO

MultiCat Mexico cat bond escapes Easter quake claim

Florida Citizens expands Everglades Re 2014 to mammoth $1.25bn

News analysis

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Lane: 2013 soft market shows up in tail risk

Comparing two recent soft markets in ILS - northern hemisphere spring 2011 and autumn 2013 - highlights the need to consider other ways of measuring risk than on a straightforward multiple basis, according to a recent report from Lane FinancialRead more

Vickers: no significant capital markets role at Japan renewals

Capital market carriers did not really make inroads into the Japanese market at the 1 April renewals, Willis Re International chairman James Vickers told Trading RiskRead more

April sets tone for aggressive mid-year renewal

Premiums softened by more than expected at the 1 April reinsurance renewals as reinsurers showed they were not prepared to be beaten on price by alternative capital, brokers saidRead more

Industry hails casualty convergence 'revolution'

As two reinsurance vehicles backed by asset managers moved closer to launch this month, casualty market participants are speculating that these new start-ups may lead to a similar revolution to that which has transformed the property cat sectorRead more

Decoupling and recoupling

Earlier this year we covered a speech from Scor CEO Denis Kessler, in which he suggested that the ILS market had been fuelled by ultra-low interest rates - and that the end of quantitative easing in the US would lessen the sector's appealRead more

Trading Places

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The Trading Floor: Chin Liu, Pioneer Investments

Chin Liu tells Trading Risk that he worries ILS returns may be tracking fixed income classes as institutional investors take a greater direct role in the marketRead more

Research & Supplements

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TR MC RT 2013 cover

Trading Risk Monte Carlo Roundtable 2013

If the convergence community was fed up with being talked about at the Monte Carlo Rendez-Vous, the annual Trading Risk roundtable was its chance to be heardRead more

TR Market Survey

Trading Risk Market Survey 2013

The convergence industry expects another rosy year according to the annual Trading Risk Market Survey, with investor inflows forecast to continue their momentum in 2013Read more

TR Sifma RT

Trading Risk Sifma Roundtable 2013

This was our inaugural Sifma roundtable, hosted during what turned out to be a bumper conference for the industry with a record level of participants taking over the hotel corridors to debate the growing prominence and power of alternative market capacityRead more

Trading Risk Monte Carlo Roundtable 2012

Trading Risk Monte Carlo Roundtable 2012

If there was one common talking point at the 2012 Monte Carlo Rendez-Vous, it was possibly how little there was to talk about - unless you were in convergenceRead more

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