Hannover Re
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The firm grew its treaty reinsurance book by 15 percent in the January renewals. -
The most recent cat bond lite issued by Kaith Re brings the total of Seaside Re deals to $112mn, up from $97mn for last year.
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The Californian earthquake deal brings the total cat bond lite issuance up to $974mn for 2018.
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Renewals late last week added $110mn to the total.
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The notes, with a combined total of $27mn, are due on 15 January 2020.
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The government also said it is exploring the possibility of issuing a cat bond in the near future.
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Tokio Millennium Re’s agreed sale to RenaissanceRe will open up an opportunity for competitors to enter the fronting market.
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The reinsurer’s gross cat losses have surpassed EUR500mn for the year.
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Munich Re said there was growing pressure for underwriting discipline.
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The Loma Re Series 2013-1 Class C, Seaside Re 2017-3 and a portion of the $140.0mn Fibonacci Re 2017-1 have been extended, the BSX said.
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The analyst estimated the continental (re)insurers are each on course to take 5% of losses from the Category 2 hurricane heading for the Carolinas.
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Jean-Jacques Henchoz, who was previously in change of the EMEA region of Swiss Re, has been named as the German (re)insurer’s new chief executive officer.
