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Axis Capital launches $150mn Northshore Re II cat bond

Axis Capital has launched the $150mn Northshore Re II cat bond offering a spread of 800-850 basis points.

Blue Capital’s London fund ceases to make new investments

A vote over winding up the London-listed fund is due to be held in July.

Low rates prompt Crosswinds Re wind-down

The reinsurer’s parent said opportunities this wind season did not meet its risk-return criteria.

BSX lists Fibonacci Re and Dodeka XV notes

A $125mn tranche of Fibonacci Re notes and a $9.27mn tranche of Dodeka XV notes have been listed on the Bermuda Stock Exchange.

• Eclipse Re lists $97.6mn cat bond lite
• Twelve loses US-based representative Orloff
• Oxbridge Re licenses new sidecar
• Twia buys $1.4bn reinsurance cover
• Citizens delays 7.9% rate increase
• AIG ceded reinsurance chief Stern to step down

Opinion

Is the ILS market the "class of 2008"?

Even ILS market participants sometimes seem disbelieving over how far catastrophe rates have fallen

How can reinsurance innovators avoid resistance to change?

These days, the waves of start-ups are both ebbing and flowing simultaneously

Analysis

Florida rate change disappoints reinsurers

Florida catastrophe reinsurance rates crept up by 1.2 percent on average at this year’s 1 June renewal, marking the first increase in seven years, according to JLT Re.

Stop-start ILS initiatives highlight challenges ahead

Recent developments in the sector have underscored the difficulties reinsurers are grappling with as they attempt to work ILS capital into their business model.

ILS market wary on lure of electronic trading

Is the industry ready to accept new attempts to create live trading platforms?

Lapse deals increase following Solvency II

Private lapse deals are on the rise in the ILS market, driven by Solvency II regulations which require life insurers to hold onto more capital for lapse risk, according to life ILS managers.

Supplements

Trading Risk Investor Guide to ILS

It was a rough 2017 for investors in insurance-linked securities (ILS), as hurricanes Harvey, Irma and Maria swept through the Atlantic. But 2018 has offered some uplift to yields from the sector, drawing new capital to the market.

Trading Risk Monte Carlo Roundtable 2017

For the first time in years, finding a subject to talk about was not a problem at the industry's annual gathering in Monte Carlo. Hurricane Irma was the topic on everyone's minds.