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March 2017/1

  • Axis Ventures premium; RMS agricultural add-on; Hannover retro hit; Catalina owners consider options; MyLotto24 jackpot fails to trigger reinsurance; Long-tail models; Allied's Aeolus pledge; Mexico ILS renewal
  • US property cat specialist Icat and its parent Paraline Group have appointed Evercore to advise on strategic options that could include an eventual sale, sister publication The Insurance Insider reported.
  • US tornadoes, a hailstorm in Sydney and European windstorm Egon are among the notable catastrophe losses so far this year.
  • XL-owned ILS manager New Ocean has set up a new third-party capital vehicle that follows an algorithmic trading strategy, Trading Risk revealed earlier this month.
  • Brit's addition of North American property insurance binder business to its Versutus sidecar was a further example of carriers offering capital market investors access to primary insurance portfolios, following the Limestone vehicle launched by Liberty Mutual this year.
  • Aberdeen ups Blue Capital stake; Korean ILS interest; Plenum fund grows; ILS returns
  • The Gaia cat bond fund is one of two managed by Schroders to be soft-closed to new investment this month, according to reports.
  • Issuers are increasingly choosing World Bank debt as the investment vehicle for cat bond collateral, following an uptick in US Libor yields throughout 2016
  • Credit Suisse is approaching investors to sound out market appetite for further Operational Re cat bond draw-downs, after agreeing its first deal last year, Trading Risk understands.
  • Deutsche Bank has merged its ILS staff into its investment banking coverage.
  • Cat bond spreads rose slightly throughout February but yields remained below levels that prevailed on the ILS market a year ago, according to data from RMS.
  • Several ILS sponsors have taken advantage of a softening cat bond market in recent weeks, as insurance spreads on new deals dropped 12 percent on a weighted average basis during the marketing process, according to Trading Risk data.