Trading Risk May 2017

Nephila's new facility with Marsh will help to kick-start growth of the fund manager's US insurance book, with the deal much more significant in size than its previous arrangement with Amwins

Gaming company Lottoland has launched a business that takes on risk from its peers and cedes it on in turn to ILS investors.

Florida Citizens has increased its traditional reinsurance limit by $370mn this year as it pared back its cat bond coverage, sister publication The Insurance Insider revealed.

US commercial P&C rates continued to decrease in Q1 although the pace of softening slowed, according to the Council of Insurance Agents and Brokers (CIAB)

AP2's ILS pot shrinks; ILS funds post 0.23% March return; MGA Ventus partners with ILS firms

A table of ILS fund returns for the first quarter of 2017 printed in last month's edition of Trading Risk displayed incorrect information for three Axa funds.

Collateralised reinsurers and ILS investors received $612mn in ceded premiums from the top 10 Florida insurers in 2016, a drop of 6 percent from $654mn the previous year, according to data collected by Trading Risk

Hudson Structured Capital Management and Twelve Capital were the lead investors in a $45.5mn debt issuance from legacy carrier Catalina General Insurance.

The Gator Re cat bond has been extended by a further month, with the full $35mn of collateral held back after its initial maturity date now expected to be repaid to its sponsor American Strategic Insurance.

Prices on aggregate storm-exposed cat bonds are largely holding up after an active start to the storm season, as sources reported increased demand for multi-peril and earthquake diversifiers.

Hannover Re Q1; UPC hit by costs; FedNat profits fall 67%; Securis SPA; London innovation; Munich Re results...

Chubb is the cedant on the $173mn Resilience Re 1741A private cat bond that was issued in April, according to sources.