Stocks

The insurer expanded its homeowner policy base outside Florida as auto results improved.

Hiscox’s reinsurance division lifted premiums by more than a third as it wrote more business for ILS partners.

The insurer’s cat losses contributed to a general insurance underwriting loss.

A shift in reinsurance business mix and 2017 loss creep drove down first quarter underwriting results for XL.

Discussions between the reinsurer and technology investor SoftBank are at a standstill, Bloomberg News reported yesterday.

Florida carrier HCI has revealed details of an unsuccessful takeover bid it made for Federated National (FedNat) which resulted in a stock offer of at least $229mn.

Validus posted a $1.1mn year-on-year increase in Q1 earnings from the now $3.7bn platform.

The Resilience Re platform run by Willis Towers Watson Securities has issued $150mn of series 1841A notes on the Bermuda Stock Exchange (BSX), bringing the platform’s total issuance for 2018 up to $262.6mn.

Everest Re said that its Mt Logan Re sidecar reached $1.02bn of assets under management at 1 April 2018, slightly down from $1.03bn at the start of 2018 as the reinsurer added to its 2017 catastrophe loss reserves.

Markel has reported that its investment management fees from its unconsolidated funds, which include Markel Catco, increased 84 percent year-on-year in the first quarter of 2018.

Insurers with huge exposure to "silent cyber" risk present a significant opportunity to the ILS sector, according to panellists at the Trading Risk ILS conference in London held last week.

Arch Capital has raised $374.5mn from a new mortgage reinsurance Bellemeade Re ILS issuance.