Commercial E&S

Alleghany's earnings from Bermudian ILS manager Pillar dipped to $5.9mn in the third quarter from $7.3mn a year earlier, its Q3 results revealed

Top 10 ILS manager Stone Ridge Asset Management is working to establish or acquire a Lloyd's corporate member, a vehicle that would allow it to invest in London market syndicates, sources told Trading Risk.

Allstate bought $130mn of new catastrophe limit for the 2016-17 year to fill in gaps around its cat bonds, it disclosed as it reported its Q1 results.

A bill that could see the market for flood risks partly privatised and handed over to the excess and surplus lines sector has passed the US House of Representatives.

Fronting start-up Clear Blue Financial Holdings has announced details of its management team after officially launching with an A- rating from AM Best.

Nephila has expanded the team working on its new primary insurance network and established a new managing general agency (MGA) brand, Velocity Risk Underwriters.

Nephila is in the process of building a managing general agency (MGA) platform that will provide it with the infrastructure to expand its primary insurance portfolio, sister publication The Insurance Insider reported.

Nephila Capital is among the reinsurers that have provided new primary insurance capacity for expansive US hurricane managing general agency (MGA) AmRisc in 2014, sister publication The Insurance Insider reported

Nephila Capital is among the reinsurers that have provided new primary insurance capacity for expansive US hurricane managing general agency (MGA) AmRisc in 2014, sister publication The Insurance Insider has reported.

Selective Insurance added $100mn of cover to the top of its reinsurance programme for 2014 as the firm said that almost 30 percent of the limit was written on a collateralised basis.

Mississippi's insurer of last resort paid about 5 percent less for its 2013 reinsurance programme as it topped up its cover by $25mn, sister publication The Insurance Insider reported.

Private equity-backed start-up Southport Re hopes to have written $100mn-$250mn of collateralised reinsurance limit after the 1 January renewals, according to CEO Glenn Weber