Hurricane

Barry could go on to produce storm surge and tropical storm or hurricane force winds across parts of Louisiana, Mississippi and upper Texas coasts, the NHC said.

The Colorado State outlook remains stable despite a change in the odds of a weak El Niño continuing into peak summer months.

It is more efficient for ILS managers and cedants to be able to give collateral clawbacks, the Credit Suisse ILS head has argued.

In a pleasantly warm Zurich this week, I was discussing one of the city’s traditions – burning the giant figure of a snowman to herald the end of winter and coming spring.

Rates are said to be easing following the mid-year Floridian renewals.

The insurer expanded its property catastrophe excess of loss (XoL) reinsurance programme ahead of its imminent acquisition of 1347 Property Insurance Holdings (PIH).

Reinsurers that have been reliant on retro cover also pared back their market share, as the broker said mid-year renewals showed tangible pricing momentum.

Investors sought to redeem about $200mn in 2019 from the shrinking Securis I fund, but the London manager has grown its lower-risk non-life fund.

The bond has placed at the lower end of pricing guidance.

The retro writer warned earlier this month that it was increasing its loss reserves for the two events.

The deal is the North Carolina coastal insurer’s second ILS transaction for 2019.

The reinsurance broker’s CEO James Kent also said the ILS market reaction to HIM loss creep has varied widely.