Stocks

CatX said it is already working with institutional investors, including pension funds.

The forecast reflects property damage and BI losses to residential, commercial, industrial and automobile lines.

The group’s ceded large losses reached 17% of gross losses, up from 11% a year ago.

Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.

Commercial insurance pricing remained flat, increasing by 3% globally over the period, the same as the prior quarter.

Asagao VI is fourth largest private cat bond deal this year.

Mortgage ILS issuance has totalled $787.2mn so far this year.

The partnership aims to provide ILS strategies to institutional investors in Australia and New Zealand.

These figures mark an improvement from August, which was impacted by losses from Hurricane Idalia.

Experts at the Trading Risk New York conference emphasised in-built cyber risk protections from defences to exclusions, as ILS managers grapple with understanding the peril.

Hannover Re’s Bermuda-based reinsurance transformer Kaith Re has issued a new $15mn private cat bond, a Bermuda Stock Exchange filing confirms.

Interest income also boosted the results, with net assets of $9mn rising to $10.8mn by the half-year point.