Hurricane

Travelers reported lower than anticipated catastrophe losses in the fourth quarter as it was able to release $157mn of pre-tax reserves related to the third quarter hurricanes.

Australian insurer QBE has said it added a further $130mn to its 2017 fourth quarter losses following the wildfires in California, storms in Australia and adverse developments from Hurricane Maria.

Blue Capital has reported that the net asset value (NAV) of its Blue Capital Alternative Income Fund dropped by 24.85 percent during 2017, according to an announcement on the London Stock Exchange

Economic losses from this month's European storm Friederike are expected to reach into the hundreds of millions of Euros, Aon Benfield have said.

ILS managers have reduced their estimates of losses taken during the August and September hurricanes, according to figures on the Eurekahedge ILS Advisers Index.

A measure that would overhaul assignment of benefits (AOB) legislation was passed on Friday by the Florida House of Representatives by a vote of 82-20.

A group of sidecars tracked by Trading Risk took losses of 13.0 percent on average between July and October as the fallout from hurricanes Harvey, Irma and Maria took its toll

ILS broker-dealers are expecting another $10bn issuance year for the cat bond market, as (re)insurance buyers seek to manage post-loss pricing adjustments

Argo has let the senior tranches of its 2013 Loma Re cat bond mature, as it continues to imply in its latest loss report that the riskiest layer of the deal will take at least a $19.5mn loss, sources said

Alternative capital dropped $7bn at the end of September following the HIM losses, Aon Benfield has said in its latest Reinsurance Market Outlook.

United Insurance Holdings (UPC Insurance) renewed its quota share programme and placed its aggregate reinsurance with a single reinsurer in the January renewals.

Munich Re estimated that the 2017 hurricane season cost insurers $100bn and was the most expensive ever in terms of total economic losses, at $215bn.