Hurricane

XL Group said it would take $130mn of losses from Hurricane Matthew and $75mn of claims from the New Zealand earthquake in the fourth quarter of 2015.

RMS said its medium term rate (MTR) hurricane model, which is to be released next year, is likely to show a 5 to 15 percent drop in average anticipated losses in a reflection of the quiet seasons of 2014-2016.

Sensitivity-case hurricane risk modelling has become the ILS market's standard currency, but would shifting to the base-case scenarios provide greater stability for investors and underwriters?

The Kumamoto earthquake in April was the most expensive catastrophe for insurers this year with insured losses of $5bn, according to Swiss Re Sigma estimates.

US property cat reinsurance pricing is set to continue sliding in the January 2017 renewals, with additional pressure on the retrocession sector as well, sources told Trading Risk.

Nicaragua has received a $1.1mn payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) due to Hurricane Otto, which battered parts of Central America last month.

Florida-based insurer United Insurance Holdings (UPC Insurance) has placed its first quota share reinsurance cover and renewed a $30mn aggregate contract for 2017, shoring up its reinsurance after taking losses this year.

Florida insurance losses from Hurricane Matthew have reached $729mn, up 20 percent from the state regulator's last summary.

The Pacific Alliance of Chile, Colombia, Mexico and Peru is considering collaborating on the issuance of a catastrophe bond, according to reports.

Average ILS fund returns reached 0.42 percent in October, according to the Eurekahedge ILS Advisers Index, after Hurricane Matthew had a small impact on several funds that invest in private reinsurance instruments

The London-listed Blue Capital Global Reinsurance fund recorded a 0.2 percent drop in net asset value over October, as it took $6.8mn of losses that were primarily linked to Hurricane Matthew

Pangaea Re sidecar sponsor TransRe is expected to take a roughly half share of Hurricane Matthew losses borne by its parent company Alleghany, which the company said should be less than $75mn.