Trading Risk April 2019
Published: 11/04/2019
ILS investors push for Florida re-alignment
ILS managers are upping the pressure on Florida reinsurance buyers to change terms and conditions or retain more risk as 1 June renewal negotiations continue.
Restructure required for Lloyd’s embrace of ILS
Market participants have welcomed Lloyd’s plans to attract ILS capital but emphasised that cost reductions will be key to making them work.
Florida reinsurance renewals: Negotiations or therapy ses...
Cat bond rates remain elevated despite quiet Q1
A tighter cat bond market persisted into the first quarter of 2019, with new issuance activity expected to remain subdued heading into the hurricane season.
Q1 2019 ILS returns stutter
Returns from ILS funds tracked by Trading Risk fell to an average Q1 return of 0.63 percent to 0.65 percent in cat bond and multi-instrument funds.
Structural changes could make sidecars more appealing
Shortfalls in retro capacity are not impacting all vehicles, said Tangency Capital co-founder Michael Jedraszak.
Investors frustrated by loss creep
ILS investors were more frustrated by extended loss creep last year than by the overall hit, according to Michael Knecht of Siglo Capital Advisors.
ILS investors increasingly discerning: Aon’s Schultz
Cat bond investors are being more careful in assessing where to put their funds after recent losses, Aon Securities CEO Paul Schultz said at Trading Risk’s ILS conference in London this month.
Growing investor education is positive for ILS sector: Al...
It is “probably one of the best times to invest” in ILS, according to Leadenhall Capital Partners CEO Luca Albertini.
ILS sector wary of life settlements
The life settlement industry is looking to attract ILS capital but many industry practitioners are reluctant to enter the space due to concerns over valuations, returns and the sector’s past reputation for unscrupulous practices.
Lloyd’s ILS trio posts continuing losses
Both primary and reinsurance segments incurred losses for the ILS syndicates operating at Lloyd’s in 2018.
Lumen Re lifted top line premiums 24% in 2017 ahead of ra...
LGT’s rated vehicle reported an income of $1.7mn in 2017
ILS insurance growth in sight after slow-burn start
The ILS market has been talking about being on the cusp of making inroads into insurance risks for a few years now.
Reinsurers extract rate rises in 1.4 renewal
Reinsurers avoided another lacklustre renewal season with loss-affected business in Japan, the US and the retro market attracting rate rises.
The Trading Floor Interview: Emmanuel Modu
Emmanuel Modu, global head of ILS at AM Best, says Bermuda insurers and ILS managers are increasingly showing interest in rated vehicles.
Trading Places April 2019
People moves in the industry in the past month.