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.