convergence capital News
A.M. Best May be Next with Negative Outlook for Reinsurers
A.M. Best currently has a stable outlook on the global reinsurance industry, but that could change when the rating agency revisits the outlook at midyear, the firm said in a special report Friday. ...
Alternative Capital Softening P/C Re Market: Towers Watson CFO Survey
A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary ...
Reinsurance CEOs: What Alternative Capital Means to Traditional Industry
The hottest topic in the reinsurance world was on the agenda at the Property/Casualty Insurance Joint Industry Forum in January, where two reinsurance executives gave different perspectives on what ...
Cat Bond Deals Fell Just Short of Record in 2013: Willis Capital Markets Advisory
Tallying up total catastrophe bond issue for 2013, Willis Capital Markets Advisory put the figure at $7.1 billion, just shy of the $7.2 billion record of 2007. Last year saw a record number of 29 ...
Catastrophe Bond Issuance High, But Short of Record in 2013
The catastrophe bond market experienced near-record issuance in 2013, with $7.1 billion of global issuance falling just short of the all-time record set in 2007 of $7.6 billion, Fitch Ratings ...
XL, Stone Point Name McKeown CEO of New Investment Manager
XL Group plc has appointed industry veteran Chris McKeown as chief executive officer of New Ocean Capital Management Limited, the investment management company recently formed by XL and funds managed ...
Fast Money Hedge Funds Won’t Keep Pension Funds Out of Terror Market, Says ILS Manager
To understand why the insurance-linked securities market will offer greater amounts of terror risk coverage in the years ahead, you have to understand the difference between two groups of ILS ...
We Can Write Terror Risk: Part II
The leader of a firm thought to be the world's largest investment manager of catastrophe bonds told federal lawmakers last week that the insurance-linked securities market is poised to provide ...