RenaissanceRe

The carrier said Typhoon Jebi and Hurricane Florence will account for most of the claims.

But the reinsurer will likely retain its independence, experts say.

Mt Logan Re investors took $133.8mn of losses in Q2 as its parent Everest Re suffered from adverse development on 2017 claims, undoing the benefit of reserve releases booked in the fourth quarter last year.

RenaissanceRe kept its stake in the $1bn reinsurance programme stable at $262.5mn while Swiss Re increased its line by $10mn this year to $185mn.

The Florida-based insurer is also expecting to make reinsurance claims related to the Hawaiian eruptions.

RenaissanceRe CEO Kevin O’Donnell told analysts: “It feels like the wind is at our backs again.”

This came as a reduction to net losses from 2017 catastrophes boosted quarterly results for the reinsurer.

The two series of notes run until 1 June 2019.

A $125mn tranche of Fibonacci Re notes and a $9.27mn tranche of Dodeka XV notes have been listed on the Bermuda Stock Exchange.

Based in Bermuda, Matt Flynn will focus on retrocessional property catastrophe business at RenaissanceRe.

The Florida insurer decreased the share of its growing premium base being ceded to reinsurers.

Boost Insurance signs the ILS giant to lead its reinsurance facility for InsurTech start-ups.