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February 2015/1

  • Willis Re managing director Linley Ah-Chung is set to move back to Aon Benfield
  • Michael Millette is to leave Goldman Sachs in early March, after 20 years with the investment bank
  • In the landscape of insurance risk transfer, US inland flood risk has been underrepresented
  • With the convergence market estimated to have grown by one-third to $60bn in 2014, the number of investors attracted to various ILS structures from within the European Union (EU) has also increased
  • Travelers expands cat cover; PCS initiative; 2014 cat losses up; SEC eyes liquid alts; Catlin investors increase support...
  • Nephila Capital was the only collateralised market provider to appear on the reinsurance panel for recent Florida start-up Mount Beacon, according to information listed on the company's website.
  • Participants in the Florida reinsurance market are expecting some $800mn-$1bn of new demand to emerge from expansive take-out companies in the 1 June renewals this year.
  • Japanese trade union mutual insurer Saikyosairen is thought to have bought additional top-layer cover as it renewed its major property catastrophe reinsurance programme ahead of the April renewals
  • Europe's 20 largest cedants passed on EUR39.2bn of non-life reinsurance premium in 2013, a year-on-year decline of 8 percent
  • West Virginia reports gain; Swisscanto buys into ILS; ILS Advisers index dips in 2014
  • Reinsurance brokers and carriers fear that the recent flurry of M&A activity in the sector may depress demand for cover.
  • Florida-based managing general agency (MGA) New Paradigm Underwriters has begun writing parametric hurricane (re)insurance on Allianz paper, Trading Risk can reveal.