Hurricane

The Florida Hurricane Catastrophe Fund (FHCF) is considering buying $1.0bn of reinsurance for the 2017-18 year to safeguard its resources for future hurricane seasons, according to a presentation prepared by FHCF executive director Ash Williams

Prices on aggregate storm-exposed cat bonds are largely holding up after an active start to the storm season, as sources reported increased demand for multi-peril and earthquake diversifiers.

The Texas Windstorm Insurance Association (Twia) has reduced its catastrophe reinsurance in advance of this year's hurricane season, according to sister publication The Insurance Insider

Aon Benfield's catastrophe modelling unit Impact Forecasting has estimated insured losses from Hurricane Matthew which hit the US and Caribbean last October at $4.5bn.

ILS capacity has acted as the equaliser of Florida hurricane rates. It chased after the extra margin that reinsurers built into their calculations in taking on their peak hurricane risk, with the logical result of helping to erode the margin

The Prudential Regulation Authority (PRA) have added a request for the UK's largest regulated insurers to provide information on their reinsurance from alternative markets in their latest general insurance stress test.

The first 2017 forecasts for this year's Atlantic hurricane season from Colorado State University (CSU) and Tropical Storm Risk (TSR) have predicted below-average activity

Florida Citizens Property Insurance Corporation has turned its first annual loss in more than a decade, losing $27.1mn in 2016, as a result of increased litigated water damage claims.

Thunderstorms cost insurers as much as hurricanes in the period from 2003 to 2015, according to a report from Willis Re and Columbia University.

Axis Ventures premium; RMS agricultural add-on; Hannover retro hit; Catalina owners consider options; MyLotto24 jackpot fails to trigger reinsurance; Long-tail models; Allied's Aeolus pledge; Mexico ILS renewal

Florida-based insurer Heritage reported a $2.9mn loss in the fourth quarter as it took a $19mn hit from Hurricane Matthew and increased reserves due to litigated claims.

Mexico will seek a renewal of its catastrophe bond covering earthquake and hurricane perils this July, according to a report from Reuters.