Hurricane

Everest Re ceded $197.4mn third quarter catastrophe losses to its Mount Logan sidecar, the firm's 10Q filing shows.

New York-listed Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of third quarter catastrophes

Florida insurer Universal recorded a spike in reinsurance recoverables in the third quarter, which suggests its claims from Hurricane Irma have come in at the top end of its previously reported range.

Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of Q3 catastrophes, on top of reported losses.

Hannover Re has ceded 47 percent of its 2017 natural catastrophe losses to its retrocession partners, the firm said in its third quarter report.

Regular ILS sponsors USAA and XL Catlin have topped up their cat bond cover in the first transactions completed after the 2017 hurricane losses, with pricing on the deals showing an increase in rates.

United Insurance Holdings (UPC Insurance) has confirmed that its net catastrophe losses for the third quarter stand at $82.6mn, but did not provide an update of its gross hurricane claims.

Federated National claimed $288.6mn from reinsurers in the third quarter following $310mn of losses from Hurricane Irma.

Catastrophe-exposed North American commercial insurance rates may increase by 10 to 20 percent in 2018, Willis Towers Watson forecast.

Hiscox Re said it was already seeing hardening of rates within property catastrophe reinsurance sector following Q3 losses, as it said loss-affected cat rates could rise 30 percent.

The average ILS fund lost 9.04 percent in September following two major hurricane events, according to the Eurekahedge ILS Advisers Index.

AIG is planning to reduce its retentions on its catastrophe reinsurance treaties next year after this year's cover failed to trigger despite the carrier taking $3bn hurricane losses in Q3.