Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT June 1, 2016 Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first...
Credit Suisse Sells Operational Risk Bonds, Insuring Rogue Trading, Cyber Crime May 27, 2016 By Jan-Henrik Förster and Tom Beardsworth Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events...
Swiss Re Capital Markets Appoints Klugman & Monnier to Lead Global ILS Unit May 10, 2016 Swiss Re announced that Judy Klugman and Jean-Louis Monnier will co-head its global insurance linked securities (ILS) business. Klugman will...
Willis Capital Markets & Advisory Appoints Lien as Managing Director, Hong Kong April 28, 2016 Willis Towers Watson has appointed Vincent Lien as managing director of Hong Kong for Willis Capital Markets & Advisory (WCMA),...
Plenum Launches Diversified ILS Fund, Partnering with Bermuda’s Sequant Re April 11, 2016 Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be...
Negative Outlook for Energy Insurers May Force Sector Exit: Willis Towers Watson April 7, 2016 By L.S. Howard Energy insurers continue to feel the pressure caused by over-supply of capital and falling demand from buyers, which may lead...
Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability March 30, 2016 Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC...
Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations March 22, 2016 Itasca, Ill.-headquartered Arthur J. Gallagher & Co. announced it has reached an agreement with Kane Group to acquire its insurance...
2015 Cat Bond Activity Down Slightly from Record Levels in 2014: GC Securities January 27, 2016 While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at...
Tokio Solution Appoints Agnew as Vice President, ILS Portfolio Management January 21, 2016 Bermuda-based Tokio Solution Management Ltd., a wholly owned subsidiary of Tokio Millennium Re AG, has appointed Butch Agnew as vice...