Casualty/GL

The carrier’s $1.2bn gross loss from the two wildfires would trigger the carrier’s nationwide programme, which attaches above $500mn.

Oxbridge Re licensed its Oxbridge Re NS sidecar in the Cayman Islands in June.

The reinsurer said the fronting operations were “a very different business” than its own ventures division.

The 2017 hurricanes have deteriorated less steeply than events in previous years, JLT Re said.

Human behaviour now has a smaller role in determining pricing, according to the broker's president and global head of casualty.

The reinsurer has created a new P&C partners unit encompassing its retro and third-party capital strategies as well as insurtech ventures, underwriting management and product development.

The Everest Re sidecar’s Q2 claims burden was up by more than 400 percent year on year.

Reinsurance chief underwriting officer Emil Issavi has been named as the new CEO of the unit.

A court of appeal in Florida has said assignment of benefit rights can be split between multiple parties.

Alberto, the first named storm of 2018, made landfall near Panama City, Florida on Sunday.

Travelers has returned to the ILS market to renew cover.

Axis Re has announced that it has hired Megan Thomas as its chief underwriting officer (CUO).