Commercial auto

Catastrophe losses of $241mn added 3.3 percentage points to the combined ratio of 101.5 percent in Q3.

Munich Re now has a stake of about 27.5 percent in Next Insurance.

The insurer increased its participation at the Japan renewals in April.

Munich Re and Swiss Re as well as Lloyd’s insurers are among the top reinsurers of the leading insurers in North Carolina and South Carolina.

Hurricane Lane, which hit Hawaii earlier this month, is set to be more of a flood event than a wind event for insurers, rating agency AM Best has said.

Hurricane Lane is set to be more of a flood event than a wind event for insurers, the ratings agency said.

The Carr fire is 30 percent contained but it continues to rage across 112,888 acres.

The blaze in Northern California covering 103,772 acres has destroyed 818 residential and three commercial structures so far.

Liberty Mutual ceded $1.23bn to its reinsurance partners in 2017 following hurricanes Harvey, Irma, and Maria and the California wildfires, the company said in its end of year results on Monday.

Collateralised reinsurer Southport Re is one of three reinsurers that have provided cover to ailing insurer Tower Group.

New Jersey Manufacturers Insurance Group has placed its first cat bond, raising $60mn of cover from the privately placed Sullivan Re

Casualty index launched; K6's quake knock; Crystal Credit redeemed; Aspen's collateral protection