ILS funds news, insurance linked securities or ILS fund news

Another first has been achieved by Tremor Technologies, Inc., the programmatic reinsurance risk placement marketplace provider, as the firm priced and placed the first ever programmatic parametric swap transaction in insurance form.

The CATCo Reinsurance Opportunities Fund, Markel CATCo Investment Management’s stock exchange listed retrocession focused investment fund, has experienced a second consecutive month of positive returns for April, but the shares are still discounted well below the latest NAV’s.

Reinsurance pricing for catastrophic events should take into account the impact that recently enacted legislative reforms in Florida will have, although right now just how much they will reduce loss and loss adjustment costs in the state remains to be seen.

Bermudian insurance and reinsurance specialist AXIS Capital Holdings Limited targets continued expansion of its relationships with so-called strategic capital partners in 2019 and beyond, according to CEO Albert Benchimol.

The impact of recent hurricane losses and their outsized loss creep, as well as market dynamics of supply and demand, have all served to shift the balance of power from reinsurance buyers to reinsurance sellers at this June renewal in Florida, Kevin O’Donnell CEO of RenaissanceRe explained recently.

ChainThat, an insurance technology (insurtech) provider of distributed ledger (often called blockchain) solutions for the insurance and reinsurance industry, has appointed Kathleen Faries as a Bermuda Advisor.

The California Department of Forestry and Fire Protection (Cal Fire) has deemed the cause of the devastating Camp wildfire to be electrical transmission lines owned and operated by Pacific Gas and Electricity (PG&E).

The Bermuda Monetary Authority (BMA) is seeking feedback on a newly proposed class of insurer for use in collateralised reinsurance underwriting, as it seeks to create a new, regulated home for the multi-use and more innovative applications of collateralised and capital markets backed protection.

Numerous changes at the executive level have been announced by Aspen Insurance Holdings Limited, including a new CEO for its Bermuda underwriting platform and handing responsibility for outwards reinsurance and retrocessions to the CRO.

The insurance-linked securities (ILS) sector can play a greater and more meaningful role in Asia, but to drive success, the market needs to develop solutions for Asia that are less U.S. shaped, according to Chris Kershaw, Managing Director of Global Markets, at reinsurer Peak Re.