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May marks worst month in 2019 for ILS Advisers index

The average ILS fund was down by 1.13% in May as measured by the Eurekahedge ILS Advisers Index.

Blue Capital Alternative Income Fund returns $66mn to shareholders

The fund’s liquidation will continue into 2021, although the bulk will be done by early next year.

Merion Square partner Vida Capital to be acquired by capital funds

There will be no change to the running of the ILS fund Merion Square or its strategy, managing partner Richard Pennay told Trading Risk.

Markel strikes deals with ex-Catco execs Belisle and Fredricks

The firm has settled with Fredricks and will enter binding arbitration with Belisle.

• KCC puts Barry losses at $300mn
• HSCM leads RiskGenius financing round
• Eclipse Re issues $30mn cat bond lite
• Barry spares New Orleans but flooding still a risk
• Past Louisiana Cat 1 storm losses average under $1bn
• Hiscox adds $40mn to reserves for Jebi and Michael loss creep

Opinion

Retro brokers are itching to get back to the driver’s wheel – but they may have to wait a bit longer

This year more than ever, it seems that the market could be in for a cliff-hanger

Reinsurance market discipline is being driven by real changes, not some spirit of New Year resolutions

The ILS market needs to live up to its promises on liquidity

Analysis

Demand surge contributes to rising Jebi claims

Ten months on from Typhoon Jebi, there is still considerable uncertainty around why the storm’s insured losses are expected to be so much higher than the initial modelled figures.

Bermuda ILS overhaul welcomed but will new vehicles take off?

The ILS market has broadly welcomed moves by the Bermuda Monetary Authority (BMA) to create a new collateralised insurance vehicle, but opinions vary on whether the new rules will prove to be onerous.

Elementum deal shows not all ILS M&A will lead to reinsurer tie-ups

The industry’s market heavyweights remain split amongst different types of ownership models.

Reinsurer affiliates lift share in ILS market

M&A deals have resulted in reinsurer affiliated businesses overtaking the market share of independent ILS firms, but asset managers have also grown their share via new launches since 2014.

Supplements

Investor Guide to ILS: H1 2019

The past two years challenged the catastrophe (re)insurance market more than any period since the Hurricane Katrina era in 2004-2005 – but it is far from clear what the outcome will be this time around.

Monte Carlo Roundtable 2018

What’s in a promise to pay? That was one of the questions that was circulating at this year’s Monte Carlo Rendez-Vous.