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Alternative reinsurance capital reaches $95bn

Alternative capital rose $6bn in Q1, Aon Securities said in its latest Reinsurance Market Outlook report.

Axis hires former Travelers exec as global head of ceded reinsurance

Anne Kelly will be joining Axis Capital as its global head of ceded reinsurance.

Bailey joins legacy insurer R&Q

Darren Bailey has been hired by the legacy insurer in a business development role for the firm’s M&A team.

Coca-Cola pension ILS assets drop 5.7% in 2017

The pension fund’s ILS holdings reached $564mn at 31 December 2017, according to a Securities and Exchange Commission filing.

• Scor picks up remaining Aegon life reinsurance block
• AIR releases US wildfire model update
• Mt Logan takes $134mn loss hit in Q2
• NOAA increases chance of below-normal hurricane season
• Aon: Californian Wildfires could lead to insured losses of $1bn
• Insurers must take lead on building resilience to climate change: IAIS

Opinion

The key climate change issue for the insurance industry is more of an existential long-term issue than a short-term threat

In the wake of last year’s catastrophe activity, ILS managers will by and large be sharing investors’ pain

Are reinsurers dazzled by the glare of unexpected rate increases?

Stickability does not need to be “at any cost” to ILS investors

Analysis

Q2 ILS returns up year on year

The average second quarter returns for a group of ILS funds tracked by Trading Risk has increased to 1.36 percent, compared with 0.79 percent for the same quarter last year.

Fast-paced Q2 fails to outrun 2017 record

Cat bond spreads proved to be largely unaffected by last year’s catastrophe activity as sponsors topped up ILS cover in a busy second quarter that nonetheless failed to outstrip 2017’s record volumes.

Winners and losers as Florida insurers’ Irma losses creep

State-backed insurer Florida Citizens has borne the brunt of Irma losses, as other leading carriers in the state managed to keep their share of the event’s claims below their market share, Trading Risk analysis shows.

ILS markets broaden Florida participation: Willis Re

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.

Supplements

Trading Risk Awards 2018

Ten years ago, amid the turmoil of the global financial market crisis, the first Trading Risk awards ceremony was held.

Trading Risk Investor Guide to ILS

It was a rough 2017 for investors in ILS, as hurricanes Harvey, Irma and Maria swept through the Atlantic. But 2018 has offered some uplift to yields from the sector.