Hurricane

Aon establishes facility; Catco completed; UK flood losses £250mn-£325mn; Oppenheimer fund gains 4.93%; Blue Capital reduces net return target; Record hurricane season...

Oppenheimer's Master Event-Linked Bond Fund reported a 4.93 percent gain over the year to 30 September 2015, up slightly from the 4.34 percent return delivered in the year to 30 March.

The US National Oceanic and Atmospheric Administration (NOAA) confirmed that the 2015 Atlantic hurricane season had stayed below normal as predicted, while the eastern Pacific had a record year

Hurricane Sandra became the strongest eastern Pacific hurricane to form late in November this week as it attained category four strength on Thursday 26 November.

Prices on the MultiCat Mexico 2012 class C cat bond have crept up in distressed trading as the ILS market awaits news on the bond's exposure to Hurricane Patricia.

Cat bond prices trailed off by 0.62 percent in the final two weeks of October, as the market faced a potential loss from Mexico's Hurricane Patricia.

The ILS Advisers index gained 1.03 percent during September, taking nine-month returns for 2015 to 3.55 percent

Standard & Poor's has placed its B- rating on the MultiCat Mexico series 2012 class C notes on CreditWatch with negative implications after Hurricane Patricia made landfall on October 23.

National Oceanic and Atmospheric Administration (NOAA) has issued its outlook on the US winter season, predicting that El Niño, among the strongest on record, will have a major impact.

PartnerRe slashed its catastrophe net written premium (NWP) by 75 percent to $13mn in the third quarter as the reinsurer ramped up its retro buying.

Modelling firm AIR Worldwide said insured losses from Hurricane Patricia, which struck the west coast of Mexico on Friday 23 October, are not expected to exceed $200mn.

Hurricane Patricia made landfall yesterday at 6.15pm CDT with the storm's minimum central pressure at 920 millibars (mb), according to initial US National Hurricane Center (NHC) reports.