Reinsurance M&A could benefit insurance-linked securities (ILS) funds as larger carriers will be keen to reduce counterparty credit risk, two fund managers have told sister title Trading Risk.
PartnerRe president Emmanuel Clarke is set to become CEO of the Bermudian reinsurer following the close of its impending $6.9bn sale to Exor, The Insurance Insider can reveal.
Xchanging has enhanced its reinsurance placement platform, newly branded as X-gRm, to offer a live marketplace for indexed products including industry loss warranties
QBE's expanded aggregate cover shouldered $213mn of losses in the first half of 2015, including $106mn of catastrophe claims, to help the carrier soften the blow from multiple adverse weather events in Australia
Insured losses from natural disasters reached $15bn in the first half of 2015, about a third lower than the 15-year average, according to Aon Benfield.