Hurricane

RenaissanceRe kept its stake in the $1bn reinsurance programme stable at $262.5mn while Swiss Re increased its line by $10mn this year to $185mn.

C shareholders in the Catco Reinsurance Opportunities Fund, who are not exposed to the 2017 losses, saw a return of 6.31 percent for H1 2018 amid low catastrophic activity during the period.

Insured losses from natural catastrophes fell 28 percent year on year in H1 2018 to $18bn, according to Swiss Re’s Sigma report.

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

The agency halved its forecast for major hurricanes to two in 2018.

The latest gross figure of $630mn is double that of its initial estimate released in third-quarter results.

Tropical Storm Risk (TSR) has revised its latest forecast for the 2018 Atlantic hurricane season, projecting 11 named storms, five hurricanes and one major hurricane.

The Floridian insurer also said it had walked away from an M&A transaction in the past quarter.

The Floridian insurer has become the latest carrier to reveal details of increased Irma claims.

The Colorado State University scientists now predict just one major hurricane will strike this season.

The Florida-based insurer’s new gross loss figure is well above its previous estimates of a $400mn-$450mn loss from both Harvey and Irma.

The vote keeps the programme operating through the hurricane season.