ILS Market 2016 News

Coastal Insurer UPC’s First Catastrophe Bond Provides It with $100M Cover

Swiss Re Capital Markets said it has structured and placed $100 million of insurance-linked securities (ILS) that cover named storms and earthquakes affecting certain coastal states of the U.S. The bonds have been issued by Laetere Re Ltd. on behalf …

Reinsurance Rates Continued Stabilization Trend at June Renewal; Florida Down Just 3.1%: JLT

Reinsurance rate declines continued to slow at the June 1 renewal, reaffirming a trend of gradual price stabilization that first emerged during last year’s June renewal season, according to reinsurance brokerage JLT Re. JLT Re’s index for Florida property catastrophe …