All material subject to strictly enforced copyright laws. © 2022 Trading Risk is part of Euromoney Institutional Investor PLC.
Accessibility | Terms & Conditions | Privacy Policy | Modern Slavery Act | Cookies | Subscription Terms and Conditions

Trading Risk June 2017

  • Swiss Re has bolstered its retro support from the Sector Re sidecar by around $100mn in the past year to take the vehicle's total capacity to $492mn, Trading Risk understands.
  • A significant drop in social and healthcare spending in the UK is now thought to be the cause of a slowdown in mortality improvement, which has led the longevity swap market to stall.
  • Forecasters are predicting an average to above-average 2017 Atlantic hurricane season, as debate continues over whether a longer-term shift to a phase of reduced activity is underway.
  • Four recent private and cat bond lite deals cleared during the mid-year renewals.
  • Standards set by the Hedge Fund Standards Board (HFSB) can provide a pattern for ILS managers to mitigate potential conflicts of interest, Hiscox Re ILS COO Richard Lowther told Trading Risk.
  • LGT ILS funds; Wilton Re buys Aegon US run-off businesses; Cat bond funds reopen
  • Argenta non-executive director and former Lloyd's deputy chairman Graham White is to lead a new Lloyd's Market Association (LMA) group to represent the interests of members' agents at Lloyd's.
  • Asset managers in South Korea are offering ILS strategies to local investors after the country entered the sector last year, with at least $49mn having been raised from two local distributors.
  • The CEO of Dutch pension fund PGGM, Else Bos, has resigned after holding the position for five years.
  • Drinker Biddle & Reath has hired John Finston to join the insurance regulatory and transactional team in the firm's San Francisco office.
  • Global Parametrics, which offers risk transfer solutions for low- and middle-income countries, has appointed Nina Shapiro as chairperson.
  • Access to people with money to spend is closely guarded in the insurance and reinsurance markets. Premium dollars are shepherded carefully from insurance agents to carriers and then brokers before eventually reaching reinsurers and ILS managers.