Results

This was a substantial improvement on the $0.8mn loss it filed in Q3 2018.

Cat losses and higher reinsurance ceded premiums were partially offset by improved underwriting margins and continued discipline over operating expenses, the carrier said.

Lodgepine departs from the pillared structure of Markel Catco, Markel co-CEO Richie Whitt said.

The Floridian insurer also increased its Hurricane Michael loss to $32.5mn in the quarter.

The reinsurer reported a gross loss of EUR207.7mn ($230.2mn) for Dorian and EUR167.2mn for Faxai.

The New York-listed Blue Capital Reinsurance Holdings posted a net income of $1.7mn for the first seven months of 2019, as the run-off process continued.

Despite continuing Irma losses, retro availability could be a stronger influence on 2020 renewals, suggested one Florida insurer.

Gross written premiums (GWP) for the reinsurance and ILS division increased by 6.1 percent for the first nine months of the year to reach $823.6mn.

AIG's reinsurance subsidiary has just $155mn of losses to retain before triggering retro recoveries.

The insurer avoided Irma loss creep but warned of pressure on claims from Hurricane Michael.

Amid the information overload of results season, “man-made catastrophes” appear to be the main emerging theme – albeit manifesting in two very different ways.

All the carrier's new cat losses were retained net.