Business interruption

Markel Catco said August returns for the Catco Reinsurance Opportunities Fund would be impacted by a loss from the Jubilee oil field event totalling a 3.5 percent hit to net asset value (NAV).

JLT Capital Markets will target the corporate market to source weather ILS deals as a form of contingent business interruption (CBI) cover, after the closure of its recent Market Re private cat bond demonstrated investor demand for the risk.

The Caribbean catastrophe risk pool has made a payout of $261,073 to the Belize government following heavy rains earlier in the month.

Retro capacity dried up towards the end of the mid-year renewals, as incremental new demand created a challenge for buyers that entered the market late in the day.

The Fort Murray wildfire in Alberta has become the costliest natural disaster in Canada's history, with insured industry losses estimated to range from C$4.4bn and C$9.0bn ($3.4bn-$6.9bn), according to modelling firm AIR Worldwide

Modelling firm RMS has estimated that insured losses for the magnitude 7.0 earthquake that struck Japan's Kumamoto prefecture on 15 April will be between $800mn and $1.2bn

Reinsurer quota shares and the industry loss warranty (ILW) market are the most likely source of claims for ILS investors from the Fort McMurray wildfire

A wildfire in the Canadian city of Fort McMurray is likely to end up as one of the costliest natural disasters in the country's history, according to Aon Benfield's Impact Forecasting

The magnitude 7.8 earthquake which struck Ecuador on 16 April will produce total insured losses of between $325mn and $850mn, AIR Worldwide said yesterday (21 April).

Manufacturers including Toyota, Honda, Mitsubishi and Sony have closed factories in the Kumamoto prefecture after a 7.0 magnitude earthquake struck in the early hours of Saturday morning (16 April) local time.

Specific structures adapted to the ILS market are likely to be required if alternative capital is to expand more broadly into the corporate insurance sector, panellists at the Sifma IRLS 2016 conference agreed.

Aon establishes facility; Catco completed; UK flood losses £250mn-£325mn; Oppenheimer fund gains 4.93%; Blue Capital reduces net return target; Record hurricane season...