Results

The average cat bond yield was 7.48 percent by year end as cat bond issuance picked up.

The fund recorded a 2.61 percent return for 2019.

Only 18 of the 33 funds made a gain for the month.

The broker’s 1st View report highlighted diverging reinsurer tactics and segmented renewal outcomes.

The loss tally includes a $7bn loss estimate for Typhoon Faxai and $8bn for Typhoon Hagibis.

Markel Catco’s listed Reinsurance Opportunities Fund posted November gains of 0.8 percent and 1.3 percent respectively for its ordinary and class C shares issued in 2018.

Losses could have eroded as much as 44 percent of the carrier's aggregate deductible.

Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity.

Pioneer Underwriters said the cost of the syndicate structure was no longer economically efficient when compared with its other capital arrangements.

The latest Sigma report said that continuing economic uncertainty will not halt premium expansion.

The carrier expects Typhoon Hagibis to cost it EUR200mn.

The carrier said it anticipated larger losses from Typhoon Hagibis in Q4 than those generated by the Q3 catastrophes.