Hurricane

Florida-based homeowners specialist HCI Group said that it had used about one-third of its reinsurance tower to help meet claims from Hurricane Irma.

Unreported losses from the third quarter catastrophe events should largely close the $70bn gap between disclosed claims and overall industry loss estimates, according to Morgan Stanley analysts

The $70bn gap between reported third quarter cat losses and industry loss estimates can be largely accounted for by (re)insurers and alternative markets that have not disclosed their losses, according to Morgan Stanley analysts

The winds of hurricanes Harvey, Irma and Maria have propelled 2017 into being one of the reinsurance market's most expensive years for catastrophe losses ever.

The Florida Hurricane Catastrophe Fund (FHCF) could face up to $6bn of losses from Hurricane Irma, its board was told in a recent meeting

Swiss Re said it would proceed with a CHF1.0bn ($1bn) share buyback programme after taking $4.0bn of catastrophe claims in the first nine months of 2017

Heritage reported an $8.7mn net loss in the third quarter as it retained $20mn of a gross $388mn loss from Hurricane Irma

New York-listed Blue Capital Reinsurance Holdings reported a $51.9mn net loss for the third quarter as it took losses of $68.1mn from hurricane events in the quarter.

Markel CatCo Investment Management has raised more than $1.8bn for its privately managed fund after the 2017 hurricane losses.

ILS can reduce the risk protection gap related to flood, according to co-head of ILS at JLT Rick Miller.

XL Catlin is set to raise $150mn from its latest Galileo Re cat bond, as the final spread on the higher-risk tranche of the deal suggested a shift upward in ILS pricing after this year's hurricane losses.

Validus recorded a $74.1mn loss attributable to AlphaCat investors in the third quarter, as the (re)insurer's asset management platform reserved for $574mn of net losses for the period