ILS funds and reinsurers on IAG's aggregate reinsurance programme will bear a notable loss for the second year running

Convergence may be a preferred term for the ILS markets, but arguably it is becoming just as much of a misnomer for today's industry as the now outmoded "alternative reinsurance"

Florida Citizens Property Insurance CEO Barry Gilway said the insurer expected to buy only $1.1bn to $1.3bn of total reinsurance limit in the mid-year 2017 renewals

An update to RMS's medium-term hurricane model will result in 8-10 percent reductions to projected annual average losses from US hurricanes for the typical cat bond market risk level of 1-in-100- or 250-year return periods

Aetna cleared its latest Vitality Re health insurance bond at a new low in the past month as investors awaited more news on what broker-dealers said was a good pipeline of upcoming deals

Absolute cat bond spreads fell by almost 8 percent in the first month of 2017, according to data from RMS

Cat bond prices in the secondary market edged upwards early in February, as the market waited for the New Year's issuance to kick-start

Legacy insurer Darag has started work on a second deal through its cell platform as it looks to bring alternative capital to the run-off market, after completing its first such transaction last year

PGGM ups ILS investment; IBI launch; 2016 returns lag...

Some UK pension funds are delaying making decisions on longevity swaps because of a recent increase in pensioner mortality rates, sources have told Trading Risk

Assured Risk Cover (ARC) is marketing a new parametric hurricane insurance cover to Floridian buyers

Omers backs Allied bid; Blue Capital gains; Catco losses; Pioneer fund; XL's New Ocean gain; Harrington fee boost; Mt Logan fee income drops...

Hannover Re was among the reinsurers to top up on retro through expanded sidecar placements in the January renewals

Private cat bond placements have become increasingly common in recent years, but the popularity of these somewhat opaque transactions has been coupled with concerns over their impact on the market's liquidity.

Reinsurance lawyer Michael Halsband has been elected a partner of Drinker Biddle & Reath.

City National Rochdale has rebranded its new reinsurance interval fund and disclosed that it will invest its assets via Bermudian manager Iris Re.

Cincinnati Insurance replaced its $100mn Skyline Re cat bond with a larger collateralised reinsurance structure during the January renewals, said the carrier's CEO Steve Johnston.

Willis Capital Markets & Advisory (WCMA)'s Resilience Re platform has completed its second deal of the year with a $63mn club cat bond issuance, according to Bermuda Stock Exchange announcements.

Sompo Japan Nipponkoa Insurance is seeking to raise $270mn of cover against typhoon losses from its new Aozora Re 2017-1 cat bond, according to Trading Risk sources.