Trading Risk October 2018
Published: 02/10/2018
ILS market pushes on Lloyd’s doors
ILS managers and investors are exploring options for investing in Lloyd’s corporate member vehicles, a market that is more traditionally dominated by trade and Names capital.
ILS framework can flex to handle Irma loss creep
Steep deterioration in Hurricane Irma losses will focus attention on collateral release mechanisms in 2019.
Lime Street’s gloomy pubs can benefit from daylight
A gloomy pub in Lime Street, EC3 – the kind where light barely penetrates stained glass windows, hiding any grubby floors – is an apt metaphor for the opacity of the reinsurance markets.
Canopius to launch Excelsa third-party capital platform i...
Canopius is planning to launch an ILS vehicle on 1 January 2019, the company’s Bermuda CEO Charles Craigs said.
Second vintage of Securis Life Fund raises $370mn
Securis Investment Partners has raised $370mn in subscriptions for the second vintage of its Securis Life Fund, the firm told Trading Risk.
Markel: Nephila positioned well for growth in new home
Markel’s upcoming acquisition of Nephila Capital should put the ILS manager in a good position for expansion, Markel co-CEO Richie Whitt told Trading Risk.
Lloyd’s clampdown continues as run-off letters emerge
Lloyd’s is keeping up the pressure on managing agents during the 2019 business planning process, as sister title The Insurance Insider reported that up to five syndicates had been sent letters warning that they could be forced into run-off.
Property business still a bright spot in E&S market after...
US property excess and surplus lines will benefit from rate increases in 2018 after the segment took the brunt of losses in 2017.
Willis mulls shifting broker facility into MGA
Willis Towers Watson may look to push its G360 broker facility into a delegated authority platform, sister publication The Insurance Insider reported.
Florence insured loss estimates average $3.8bn
Modelling firms have put an average $3.8bn loss estimate on private market claims from Hurricane Florence.
Opportunities open up for private flood market
The US flood market has traditionally been the domain of the publicly backed National Flood Insurance Program (NFIP).
JLT Re: overall 2017 loss creep contained despite Irma su...
Conservative initial loss picks may have helped limit adverse development from the 2017 hurricanes, according to JLT Re.
Rising Irma claims cause $126mn loss to Citizens’ reinsur...
Florida Citizens has recovered more than a third of its $350mn “wrap” insurance cover from reinsurers, with payments led by Validus.
Tremor auction house clears Q4 cat placements
Tremor Technologies’ electronic auction house for reinsurance made its first trades this summer, joining a growing number of initiatives aimed at creating online marketplaces for risk trading.
Tullet Prebon live trade platform signs up 60 clients
Tullett Prebon has signed up 60 clients so far to its London-based Insurance Linked Notes (ILN) platform, which enables lower-cost and anonymous live trading of industry loss-based securities.
InsurTech targets distribution changes
Distribution and transaction efficiencies have been targets for InsurTech gains but the time for underwriting improvements will come.
AIG and Axa XL weigh up ILS opportunities
Leaders at AIG and Axa XL have signalled plans to further develop their use of ILS capital after closing recent acquisitions.
Investors may approach ILS less aggressively in 2019
ILS investors may push for higher returns from the sector if 2018 proves to be a break-even year, Pioneer ILS analyst Chin Liu said during the Munich Re ILS roundtable in Monte Carlo.
Reinsurers look for cyber growth
Reinsurers have tipped cyber risks as an area of potential growth for the industry but noted concerns about how to manage aggregate exposures.
Trading Post
People moves in the ILS market, October 2018